# Portfolio overlap — INVG vs GUGAX

Comparing **GMO Systematic Investment Grade Credit ETF** (2026-02-28) and **GMO Multi-Sector Fixed Income Fund** (2025-11-30).

- Shared positions: 47
- GMO Systematic Investment Grade Credit ETF covered by GMO Multi-Sector Fixed Income Fund: 0.07280461597781405881131518430
- GMO Multi-Sector Fixed Income Fund covered by GMO Systematic Investment Grade Credit ETF: 0.07280461597781405881131518428

## GMO Systematic Investment Grade Credit ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| CORNING INC | 0.010397 | ✓ |
| MICRON TECH | 0.010333 |  |
| VMWARE LLC | 0.010269 | ✓ |
| AEP TEXAS | 0.010264 |  |
| HELMERICH & PAYN | 0.010239 |  |
| POLARIS INC | 0.010201 |  |
| VALERO ENERGY | 0.010198 |  |
| MYLAN INC | 0.010155 | ✓ |
| L3HARRIS TECH IN | 0.010154 |  |
| IQVIA INC SR SECURED 02/29 6.25 | 0.010141 |  |
| ALPHABET INC | 0.010122 |  |
| Brookfield Finance Inc. | 0.010121 |  |
| SANTANDER HOLD | 0.010083 | ✓ |
| KLA  CORP | 0.010082 |  |
| SIMON PROP GP LP | 0.010072 |  |
| MYLAN NV | 0.010066 | ✓ |
| GENERAL MOTORS C | 0.010049 |  |
| BIOGEN INC | 0.010043 |  |
| CENOVUS ENERGY | 0.010039 |  |
| BOSTON PROP LP | 0.010038 |  |
| CENTENE CORP | 0.010021 |  |
| HCA INC | 0.010013 |  |
| HUNT INGALLS IND | 0.010012 |  |
| ILLUMINA INC | 0.010011 |  |
| VENTAS REALTY LP | 0.009999 | ✓ |
| ANGLOGOLD HOLDS | 0.009991 |  |
| HOWMET AEROSPACE | 0.009978 | ✓ |
| LAS VEGAS SAN | 0.009972 | ✓ |
| CUMMINS INC | 0.009971 |  |
| BIO-RAD LABS | 0.009941 |  |
| EDISON INTL | 0.009940 |  |
| ALTRIA GROUP INC | 0.009924 |  |
| JB HUNT TRANSPRT SVCS REGD 4.90000000 | 0.009917 |  |
| CITIZENS FIN GRP | 0.009905 | ✓ |
| ALPHABET INC | 0.009897 |  |
| NVENT FINANCE | 0.009893 | ✓ |
| LAS VEGAS SAN | 0.009882 | ✓ |
| CENTENE CORP | 0.009861 |  |
| Synchrony Financial | 0.009833 | ✓ |
| BOSTON PROP LP | 0.009830 | ✓ |
| HCA INC | 0.009824 | ✓ |
| CUMMINS INC | 0.009818 |  |
| GENERAL MOTORS C | 0.009812 | ✓ |
| INTEL CORP | 0.009774 |  |
| INTEL CORP | 0.009758 | ✓ |
| SANUSA V5.741 03/20/31 | 0.009750 | ✓ |
| ILLUMINA INC | 0.009721 |  |
| CH ROBINSON | 0.009671 |  |
| State Street Institutional Treasury Money Market Fund | 0.009648 | ✓ |
| ESTEE LAUDER CO | 0.009538 | ✓ |

## GMO Multi-Sector Fixed Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NOMURA TREAS TRIPARTY | 0.244645 |  |
| U.S. Treasury Notes | 0.154753 |  |
| GMO Opportunistic Income Fund | 0.139070 |  |
| FNCL 3 12/22 | 0.084393 |  |
| Japan Treasury Discount Bill | 0.046335 |  |
| GMO Emerging Country Debt, Class VI | 0.043113 |  |
| Government National Mortgage Association, TBA | 0.041399 |  |
| FNCL 6 12/24 | 0.018064 |  |
| FNCL 5.5 12/24 | 0.017865 |  |
| State Street Institutional Treasury Money Market Fund | 0.011900 | ✓ |
| U.S.Treasury Notes | 0.010159 |  |
| U.S. Treasury Notes | 0.003990 |  |
| USD-SOFR-OIS Compound---20350226 | 0.002514 |  |
| GE CAPITAL INTL | 0.002325 |  |
| SABRA HEALTH CAR | 0.002152 |  |
| OMEGA HEALTHCARE | 0.001757 |  |
| DEUTSCHE BANK NY | 0.001732 |  |
| CROWN CASTLE INT | 0.001684 |  |
| ENBRIDGE ENERGY | 0.001669 |  |
| CROWN CASTLE INT | 0.001659 |  |
| SMITH & NEPHEW | 0.001620 | ✓ |
| BOEING CO/THE | 0.001616 |  |
| BAT CAPITAL CORP | 0.001615 |  |
| BORGWARNER INC | 0.001610 | ✓ |
| Synchrony Financial | 0.001596 | ✓ |
| BANK OF NY MELLO | 0.001584 | ✓ |
| ROGERS COMMUNIC | 0.001574 |  |
| ALBEMARLE CORP | 0.001558 | ✓ |
| GENERAL MOTORS C | 0.001557 |  |
| CITIZENS FIN GRP | 0.001554 | ✓ |
| CORNING INC | 0.001550 | ✓ |
| BROOKFIELD FIN | 0.001535 |  |
| CAPITAL ONE FINL | 0.001534 |  |
| VIACOMCBS INC | 0.001532 |  |
| QORVO INC | 0.001532 |  |
| GENERAL MOTORS C | 0.001531 | ✓ |
| BANK OF NY MELLO | 0.001528 | ✓ |
| MYLAN NV | 0.001520 | ✓ |
| SANTANDER HOLD | 0.001517 | ✓ |
| MICRON TECH | 0.001515 |  |
| INTEL CORP | 0.001500 | ✓ |
| Westinghouse Air Brake Technologies Corp. | 0.001498 |  |
| HASBRO INC SR UNSECURED 05/34 6.05 | 0.001497 | ✓ |
| TARGA RESOURCES | 0.001490 |  |
| JACOBS ENGIN GRP | 0.001489 |  |
| CAPITAL ONE FINL | 0.001486 |  |
| MICRON TECH | 0.001486 |  |
| LAS VEGAS SAN | 0.001481 |  |
| NEWMNT / NEWCRST | 0.001481 |  |
| CITIZENS FIN GRP | 0.001480 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001410368-26-041694` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1981627/000141036826041694/0001410368-26-041694-index.htm>
- N-PORT (fund B) — accession `0001410368-26-008994` (as of 2025-11-30)
  <https://www.sec.gov/Archives/edgar/data/772129/000141036826008994/0001410368-26-008994-index.htm>

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