# Portfolio overlap — JBND vs NOUGX

Comparing **JPMorgan Active Bond ETF** (2026-02-28) and **U.S. Government Fund** (2026-03-31).

- Shared positions: 48
- JPMorgan Active Bond ETF covered by U.S. Government Fund: 0.1336201838190616938489093379
- U.S. Government Fund covered by JPMorgan Active Bond ETF: 0.1336201838190616938489093381

## JPMorgan Active Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| JPMORGAN US GOVERNMENT MONEY MARKET FUND OPEN-END FUND USD | 0.031148 |  |
| US TREASURY N/B | 0.022206 |  |
| US TREASURY N/B | 0.020632 | ✓ |
| U.S. Treasury STRIPS Coupon | 0.014829 |  |
| US TREASURY N/B | 0.014178 | ✓ |
| US TREASURY N/B | 0.013679 | ✓ |
| US TREASURY N/B | 0.011810 | ✓ |
| US TREASURY N/B | 0.010435 | ✓ |
| FNCL 5 3/24 | 0.009691 |  |
| U.S. Treasury STRIPS Coupon | 0.009309 |  |
| U.S. Treasury STRIPS Coupon | 0.008571 |  |
| US TREASURY N/B | 0.008335 | ✓ |
| US TREASURY N/B | 0.008203 | ✓ |
| FNCL 5.5 3/25 | 0.007842 |  |
| U.S. Treasury STRIPS Coupon | 0.006955 |  |
| US TREASURY N/B | 0.006942 |  |
| U.S. Treasury STRIPS Coupon | 0.006817 |  |
| U.S. Treasury STRIPS Coupon | 0.006769 |  |
| US TREASURY N/B | 0.006333 | ✓ |
| US TREASURY N/B | 0.005898 | ✓ |
| US TREASURY N/B | 0.005568 | ✓ |
| US TREASURY N/B | 0.005552 | ✓ |
| US TREASURY N/B | 0.005507 | ✓ |
| US TREASURY N/B | 0.005472 | ✓ |
| U.S. Treasury STRIPS Coupon | 0.005121 |  |
| United States Treasury Strip Coupon | 0.004562 |  |
| U.S. Treasury STRIPS Coupon | 0.004479 |  |
| US TREASURY N/B | 0.004216 | ✓ |
| US TREASURY N/B | 0.004182 |  |
| U.S. Treasury STRIPS Coupon | 0.004091 |  |
| Uniform Mortgage-Backed Security, TBA | 0.003986 |  |
| U.S. Treasury STRIPS Coupon | 0.003968 |  |
| Treasury, United States Department of | 0.003922 |  |
| US TREASURY N/B | 0.003861 | ✓ |
| US TREASURY N/B | 0.003808 | ✓ |
| US TREASURY N/B | 0.003635 | ✓ |
| U.S. Treasury STRIPS Coupon | 0.003600 |  |
| US TREASURY N/B | 0.003555 | ✓ |
| U.S. Treasury STRIPS Coupon | 0.003430 |  |
| US TREASURY N/B | 0.003359 | ✓ |
| US TREASURY N/B | 0.003341 |  |
| U.S. Treasury STRIPS Coupon | 0.003311 |  |
| US TREASURY N/B | 0.003208 | ✓ |
| U.S. Treasury STRIPS Coupon | 0.003197 |  |
| US TREASURY N/B | 0.003059 |  |
| US TREASURY N/B | 0.002963 | ✓ |
| U.S. Treasury STRIPS Coupon | 0.002911 |  |
| AIB GROUP PLC | 0.002874 |  |
| GOLDMAN SACHS GP | 0.002842 |  |
| WELLS FARGO CO | 0.002805 |  |

## U.S. Government Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| US TREASURY N/B | 0.033211 | ✓ |
| US TREASURY N/B | 0.019304 |  |
| US TREASURY N/B | 0.019236 |  |
| US TREASURY N/B | 0.018661 |  |
| US TREASURY N/B | 0.017785 | ✓ |
| US TREASURY N/B | 0.016541 | ✓ |
| US TREASURY N/B | 0.016535 | ✓ |
| US TREASURY N/B | 0.015848 |  |
| US TREASURY N/B | 0.015706 |  |
| US TREASURY N/B | 0.015530 |  |
| US TREASURY N/B | 0.015528 | ✓ |
| US TREASURY N/B | 0.015438 | ✓ |
| RESOLUTION FUNDING STRIP BONDS 10/28 0.00000 | 0.014949 |  |
| US TREASURY N/B | 0.014788 | ✓ |
| US TREASURY N/B | 0.014782 |  |
| US TREASURY N/B | 0.014592 | ✓ |
| US TREASURY N/B | 0.013230 |  |
| US TREASURY N/B | 0.012500 |  |
| US TREASURY N/B | 0.011894 | ✓ |
| US TREASURY N/B | 0.011533 |  |
| US TREASURY N/B | 0.011158 |  |
| US TREASURY N/B | 0.010654 |  |
| US TREASURY N/B | 0.010252 |  |
| US TREASURY N/B | 0.010119 | ✓ |
| US TREASURY N/B | 0.010078 | ✓ |
| US TREASURY N/B | 0.010024 |  |
| US TREASURY N/B | 0.009765 |  |
| US TREASURY N/B | 0.009756 |  |
| US TREASURY N/B | 0.009609 |  |
| US TREASURY N/B | 0.009603 |  |
| US TREASURY N/B | 0.009338 |  |
| US TREASURY N/B | 0.009299 |  |
| US TREASURY N/B | 0.009150 | ✓ |
| US TREASURY N/B | 0.008712 | ✓ |
| US TREASURY N/B | 0.008711 |  |
| US TREASURY N/B | 0.008634 |  |
| US TREASURY N/B | 0.008508 | ✓ |
| US TREASURY N/B | 0.008336 | ✓ |
| US TREASURY N/B | 0.008318 | ✓ |
| US TREASURY N/B | 0.008164 |  |
| US TREASURY N/B | 0.008068 |  |
| US TREASURY N/B | 0.007985 |  |
| US TREASURY N/B | 0.007895 |  |
| US TREASURY N/B | 0.007807 |  |
| US TREASURY N/B | 0.007793 | ✓ |
| US TREASURY N/B | 0.007790 | ✓ |
| US TREASURY N/B | 0.007788 | ✓ |
| US TREASURY N/B | 0.007691 | ✓ |
| US TREASURY N/B | 0.007567 |  |
| US TREASURY N/B | 0.007292 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-009319` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1485894/000207169126009319/0002071691-26-009319-index.htm>
- N-PORT (fund B) — accession `0002066578-26-001928` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/916620/000206657826001928/0002066578-26-001928-index.htm>

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