# Portfolio overlap — JPST vs VUSB

Comparing **JPMorgan Ultra-Short Income ETF** (2026-02-28) and **VANGUARD ULTRA-SHORT BOND ETF** (2026-03-31).

- Shared positions: 167
- JPMorgan Ultra-Short Income ETF covered by VANGUARD ULTRA-SHORT BOND ETF: 0.09524222461639047573252563728
- VANGUARD ULTRA-SHORT BOND ETF covered by JPMorgan Ultra-Short Income ETF: 0.09524222461639047573252563728

## JPMorgan Ultra-Short Income ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| JPMORGAN US GOVERNMENT MONEY MARKET FUND OPEN-END FUND USD | 0.091465 |  |
| WELLS FARGO SECURITIES LLC:0.0 | 0.011751 |  |
| US TREASURY N/B | 0.007097 |  |
| CAPITAL ONE FINL | 0.006020 |  |
| ATHENE GLOBAL FUNDING SR SECURED 144A 08/26 4.86 | 0.005993 |  |
| First Abu Dhabi Bank PJSC | 0.005892 |  |
| Commerzbank AG | 0.005827 |  |
| DNB Bank ASA | 0.005525 |  |
| ABBVIE INC | 0.005273 | ✓ |
| ROYAL BANK OF CANADA SR UNSECURED 08/26 VAR | 0.004890 |  |
| Mitsubishi UFJ Trust & Banking Corp. | 0.004862 |  |
| DEUTSCHE BANK NY | 0.004790 |  |
| ABNANV V6.339 09/18/27 144A | 0.004584 |  |
| BANK OF MONTREAL SR UNSEC 4.1% 12-15-27/26 | 0.004494 |  |
| US TREASURY N/B | 0.004454 | ✓ |
| TRUIST BANK SR UNSEC 4.671% 05-20-27/26 | 0.004422 |  |
| MOLSON COORS | 0.004345 |  |
| CATERPILLAR FINL SVCS CORP FRN SOFR+64 08/15/2028 | 0.004297 |  |
| Svenska Handelsbanken AB | 0.004245 |  |
| CITIBANK NA | 0.004140 | ✓ |
| EQUITABLE FINANCIAL LIFE SR SECURED 144A 04/27 4.6 | 0.004107 |  |
| Lloyds Bank plc | 0.004071 |  |
| NATL BANK CANADA | 0.004054 |  |
| Tampa Electric Co. | 0.004005 |  |
| Danske Bank A/S | 0.003979 |  |
| BNP Paribas | 0.003930 |  |
| Pacific Life Global Funding II | 0.003929 |  |
| DNB Bank ASA | 0.003909 |  |
| CAN IMPERIAL BK | 0.003859 | ✓ |
| BANQUE FEDERATIVE DU CREDIT MUTUEL SA | 0.003832 |  |
| Bank of Montreal | 0.003831 |  |
| Caterpillar Financial Services Corp | 0.003825 |  |
| Charles Schwab Corp/The | 0.003804 |  |
| Macquarie Bank Ltd. | 0.003736 |  |
| Genuine Parts Co. | 0.003684 |  |
| National Rural Utilities Cooperative Finance Corp. | 0.003681 |  |
| US TREASURY N/B | 0.003624 |  |
| MITSUB UFJ FIN | 0.003489 | ✓ |
| ENBRIDGE INC | 0.003425 |  |
| BAT INTL FINANCE | 0.003376 |  |
| Ventas Realty LP | 0.003337 |  |
| NATWEST GROUP | 0.003297 |  |
| SANTAN V1.722 09/14/27 | 0.003267 | ✓ |
| US BANK NA OHIO | 0.003253 | ✓ |
| Imperial Brands Finance plc | 0.003247 |  |
| Toronto-Dominion Bank (The), Series F | 0.003238 |  |
| DTE ENERGY CO | 0.003237 |  |
| Glencore Funding LLC | 0.003206 |  |
| CAN IMPERIAL BK | 0.003175 |  |
| NATIONAL BANK OF CANADA REGD V/R MTN SER GMTN 5.01019800 | 0.003128 |  |

## VANGUARD ULTRA-SHORT BOND ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| U.S. Treasury Bills | 0.031946 |  |
| US TREASURY N/B | 0.008188 |  |
| US TREASURY N/B | 0.005696 |  |
| US BANCORP | 0.005516 |  |
| Vanguard Market Liquidity Fund | 0.004995 |  |
| US TREASURY N/B | 0.004879 |  |
| TRUIST BANK | 0.004858 | ✓ |
| TYSON FOODS INC | 0.004623 |  |
| UBS Group AG | 0.004516 |  |
| BANK OF MONTREAL SR UNSECURED 09/28 VAR | 0.004411 |  |
| NATL BANK CANADA | 0.004168 | ✓ |
| TOYOTA MTR CRED | 0.004093 | ✓ |
| NTT FINANCE CORP SR UNSECURED 144A 07/27 4.567 | 0.003844 | ✓ |
| Mercedes-Benz Finance North America LLC | 0.003781 |  |
| HNDA F 12/11/26 MTN | 0.003672 | ✓ |
| ATHENE GLOBAL FUNDING SR SECURED 144A 05/26 5.62 | 0.003660 |  |
| AXA EQUITABLE HO | 0.003621 |  |
| US TREASURY N/B | 0.003508 | ✓ |
| CHENIERE CORP CH | 0.003456 |  |
| UBS GROUP AG FRN SOFR+84 12/23/2029 144A | 0.003402 |  |
| INTEL CORP | 0.003386 |  |
| CAN IMPERIAL BK | 0.003334 | ✓ |
| EXTRA SPACE STOR | 0.003328 |  |
| NATWEST GROUP | 0.003276 |  |
| GOLDMAN SACHS GP | 0.003262 | ✓ |
| CAN IMPERIAL BK | 0.003204 |  |
| DIGITAL REALTY | 0.003196 |  |
| GOLDMAN SACHS GP | 0.003127 |  |
| HUNTINGTON NATL BK COLUMBUS OH FRN SOFR+72 04/12/2028 | 0.003063 |  |
| BANK OF NOVA SCOTIA THE | 0.003063 |  |
| PNC FINANCIAL | 0.003037 | ✓ |
| WELLS FARGO CO | 0.003026 |  |
| USB V4.73 05/15/28 | 0.003005 | ✓ |
| ATHENE GLOBAL FUNDING SECURED 144A 09/28 VAR | 0.002995 |  |
| JEF 4.3 02/11/27 MTN | 0.002988 |  |
| GLENCORE FUNDING LLC COMPANY GUAR 144A 10/26 VAR | 0.002944 | ✓ |
| FORDF 2023-1 A1 144A 4.92% 05-15-28 | 0.002910 |  |
| OMEGA HEALTHCARE | 0.002867 |  |
| BANCO SANTANDER | 0.002801 |  |
| SABINE PASS LIQU | 0.002793 |  |
| NTT FINANCE | 0.002787 | ✓ |
| BRIT COLUMBIA | 0.002779 |  |
| BANK OF NY MELLO | 0.002761 |  |
| LLOYDS BK GR PLC | 0.002757 |  |
| DTE ENERGY CO | 0.002740 |  |
| COREBRIDGE FIN | 0.002718 |  |
| BANK OF AMER CRP | 0.002704 |  |
| ABBOTT LABS | 0.002690 |  |
| DRIVE 2025-1 A3 | 0.002689 |  |
| BANK OF MONTREAL SR UNSECURED 09/28 VAR | 0.002683 | ✓ |


## Sources

- N-PORT (fund A) — accession `0002071691-26-009327` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1485894/000207169126009327/0002071691-26-009327-index.htm>
- N-PORT (fund B) — accession `0000794105-26-000181` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/794105/000079410526000181/0000794105-26-000181-index.htm>

---

_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 <https://fundwatcher.app/terms/>_
