# Portfolio overlap — IVSCX vs FPFIX Comparing **Nomura Global Bond Fund** (2026-03-31) and **FPA Flexible Fixed Income Fund** (2026-03-31). - Shared positions: 1 - Nomura Global Bond Fund covered by FPA Flexible Fixed Income Fund: 0.07080899289476986527167127248 - FPA Flexible Fixed Income Fund covered by Nomura Global Bond Fund: 0.07080899289476986527167127248 ## Nomura Global Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.070809 | ✓ | | SPANISH GOV'T | 0.048362 | | | International Bank for Reconstruction & Development | 0.039183 | | | International Bank for Reconstruction & Development | 0.029060 | | | JAPAN GOVT 30-YR | 0.023699 | | | New Zealand Parliament | 0.023082 | | | FN MA4305 | 0.015550 | | | NETHERLANDS GOVT | 0.014005 | | | JAPAN GOVT 30-YR | 0.013426 | | | SPANISH GOV'T | 0.013382 | | | INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT /CNH/ EMTN 2.50000000 | 0.013277 | | | UNITED KINGDOM GILT GBP REG S 4.75% 10-22-35 | 0.013186 | | | US TREASURY N/B | 0.013054 | | | SPANISH GOV'T | 0.010575 | | | Segretariato Generale Della Presidenza Della Repubblica | 0.009797 | | | GERMANY FEDERAL REPUBLIC OF 2.6% 08/15/2035 REGS | 0.009600 | | | FNMA 30YR 5% 03/01/2056#MA5997 | 0.009133 | | | Republic of Austria Government Bonds | 0.008785 | | | MORGAN STANLEY | 0.008110 | | | UMBS, 30 Year | 0.007971 | | | U.S. Secured Overnight Financing Rate | 0.007887 | | | United Kingdom of Great Britain and Northern Ireland | 0.007713 | | | UBS GROUP AG 0.65%/VAR 01/14/2028 REGS | 0.007575 | | | ING GROEP NV 2.125%/VAR 05/26/2031 REGS | 0.007535 | | | Fannie Mae Pool | 0.007303 | | | Republic of Finland | 0.006916 | | | JBS USA/FOOD/FIN | 0.006663 | | | ITALY REPUBLIC OF 3.45% 07/15/2027 REGS | 0.006430 | | | MORGAN STANLEY | 0.006411 | | | FN MA4563 | 0.006176 | | | French Republic Government Bonds OAT | 0.006163 | | | Fannie Mae Pool | 0.006125 | | | JPMorgan Chase & Co | 0.005989 | | | UBS Group AG | 0.005946 | | | FNMA UMBS, 30 Year | 0.005803 | | | Wells Fargo & Co | 0.005705 | | | GOLDMAN SACHS GROUP INC (THE) 3.5%/VAR 01/23/2033 REGS | 0.005685 | | | IRISH GOVT | 0.005591 | | | UMBS, 30 Year | 0.005552 | | | SPRINT CAP CORP | 0.005462 | | | UNITED KINGDOM GILT GBP REG S 0.5% 10-22-61 | 0.005444 | | | JPMORGAN CHASE | 0.005297 | | | US TREASURY N/B | 0.005282 | | | CDW LLC / CDW FIN CORP 3.276% 12/01/2028 | 0.005206 | | | G2 MA7472 | 0.005113 | | | BANK OF AMERICA CORPORATION 0.654%/VAR 10/26/2031 REGS | 0.005069 | | | Freddie Mac Pool | 0.005010 | | | Fannie Mae Pool | 0.004894 | | | Bank of America Corp | 0.004854 | | | FNMA 30YR 2.5% 02/01/2052#FS2660 | 0.004615 | | ## FPA Flexible Fixed Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.088300 | | | US TREASURY N/B | 0.084873 | ✓ | | US TREASURY N/B | 0.066083 | | | US TREASURY N/B | 0.058503 | | | U.S. Treasury Bills | 0.034496 | | | U.S. Treasury Bills | 0.026086 | | | US TREASURY N/B | 0.022459 | | | U.S. Treasury Bills | 0.017073 | | | J.P. Morgan Mortgage Trust 2022-1 | 0.009304 | | | MSILF Treasury Portfolio, Class Institutional | 0.007690 | | | FN FS1967 | 0.007164 | | | FR RB5104 | 0.006793 | | | SCE RECOVERY FUNDING LLC SR SECURED 03/36 4.453 | 0.006301 | | | FR RB5110 | 0.006188 | | | FHMS K096 A2 | 0.006110 | | | FN MA4473 | 0.005958 | | | OBX Trust, Series 2021-J1, Class A4 | 0.005884 | | | Fannie Mae Pool | 0.005799 | | | FHMS K754 A2 | 0.005483 | | | GS Mortgage-Backed Securities Trust 2022-PJ5 | 0.005399 | | | FN FS1680 | 0.005335 | | | FORDF 2018-4 A | 0.005122 | | | FNMA UMBS, 20 Year | 0.005037 | | | VZMT 2024-2 A 144A 4.83% 12-22-31 | 0.005003 | | | Fannie Mae Pool | 0.004989 | | | MIDCAP FINL. ISSUER 6.50% | 0.004912 | | | CNP 4.255 12/15/35 A-1 | 0.004905 | | | FR RB5113 | 0.004864 | | | FHMS K094 A2 | 0.004814 | | | FHMS K095 A2 | 0.004670 | | | Progress Residential Trust, Series 2024-SFR4, Class A | 0.004439 | | | Fannie Mae REMICS | 0.004234 | | | JP Morgan Mortgage Trust 2021-11 | 0.004173 | | | Fortress Credit Opportunities IX CLO Ltd. | 0.004155 | | | FR RB5084 | 0.004132 | | | VIRGINIA POWER | 0.004094 | | | GMREV 2024-1 A | 0.004093 | | | Fannie Mae REMICS | 0.004062 | | | TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2024-1 TALNT 2024-1A A | 0.004058 | | | JP Morgan Mortgage Trust 2021-13 | 0.004019 | | | JP MORGAN MORTGAGE TRUST 2021 6 | 0.004009 | | | VERIZON MASTER TRUST VZMT 2023 6 A 144A | 0.003992 | | | WHP TERM B 1LN 02/20/2032 | 0.003973 | | | FHMS K117 A2 | 0.003965 | | | FHMS K751 A2 | 0.003929 | | | AMERICAN TOWER T | 0.003897 | | | Freddie Mac Non Gold Pool | 0.003718 | | | Sequoia Mortgage Trust 2021-6 | 0.003715 | | | RCKT MORTGAGE TRUST | 0.003654 | | | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2024-3A CL A REGD 144A P/P 5.23000000 | 0.003625 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-022032` (as of 2026-03-31) - N-PORT (fund B) — accession `0001193125-26-236266` (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 _