# Portfolio overlap — JSIAX vs JPIB Comparing **JPMorgan Unconstrained Debt Fund** (2025-08-31) and **JPMorgan International Bond Opportunities ETF** (2026-02-28). - Shared positions: 381 - JPMorgan Unconstrained Debt Fund covered by JPMorgan International Bond Opportunities ETF: 0.1745999480765224630741901845 - JPMorgan International Bond Opportunities ETF covered by JPMorgan Unconstrained Debt Fund: 0.1745999480765224630741901841 ## JPMorgan Unconstrained Debt Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | JPMorgan Prime Money Market Fund, Institutional Class | 0.071775 | | | G2SF 5 10/25 | 0.040853 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.025641 | | | G2SF 5.5 10/25 | 0.021381 | | | Government National Mortgage Association, TBA | 0.015015 | | | MEXICO UNITED MEXICAN STATES 8.5% 02/28/2030 | 0.010786 | ✓ | | FNMA UMBS, 30 Year | 0.010199 | | | FNMA UMBS, 30 Year | 0.007401 | | | Presidencia da Republica | 0.006407 | | | Urzad Rady Ministrow | 0.005457 | ✓ | | MEXICAN BONOS MXN 7.75% 05-29-31 | 0.005345 | ✓ | | MEXICAN BONOS MXN 8.0% 05-24-35 | 0.004832 | ✓ | | Republic of Indonesia, The Government of, The | 0.004788 | ✓ | | A10 Revolving Asset Financing I LLC, Series 2012-RAF1, Class B | 0.004767 | | | South Africa, Parliament of | 0.004469 | ✓ | | PMT Loan Trust, Series 2025-J1, Class A1 | 0.004271 | | | CZECH REPUBLIC GOVERNMENT BOND CZK 3.5% 05-30-35 | 0.004248 | ✓ | | JAPAN GOVT 30-YR | 0.003806 | | | JERSEY CENTRAL PWR + LT SR UNSECURED 144A 03/32 2.75 | 0.003703 | | | Dryden CLO Ltd., Series 2019-68A, Class ARR | 0.003495 | ✓ | | TURKIYE GOVERNMENT BOND TRY 36.0% 08-12-26 | 0.003469 | ✓ | | MORGAN STANLEY | 0.003351 | ✓ | | INTESA SANPAOLO SPA 6.625% 06/20/2033 144A | 0.003337 | ✓ | | MULTIFAMILY CONNECTICUT AVENUE SECUR SER 2020-01 CL M10 V/R REGD 144A P/P 7.93628000 | 0.003334 | | | LCM LTD PARTNERSHIP LCM 31A AR 144A | 0.003260 | | | American Credit Acceptance Receivables Trust, Series 2025-1, Class D | 0.003167 | | | Voya CLO Ltd., Series 2022-1A, Class BR | 0.003046 | | | Urzad Rady Ministrow | 0.002995 | | | Avolon Holdings Funding Ltd. | 0.002931 | ✓ | | BX Trust, Series 2022-LBA6, Class A | 0.002701 | | | Palmer Square CLO Ltd., Series 2021-2A, Class BR | 0.002629 | | | OCP Aegis CLO Ltd., Series 2025-41A, Class B1 | 0.002627 | | | BROADCOM INC | 0.002621 | | | AFFRM 2024-B A 144A 4.62% 09-15-29 | 0.002617 | | | Enbridge Inc., Series NC5 | 0.002568 | ✓ | | FNMA UMBS, 30 Year | 0.002547 | | | CITIGROUP INC | 0.002520 | | | Urzad Rady Ministrow | 0.002515 | | | CZECH REPUBLIC GOVERNMENT BOND CZK 4.9% 04-14-34 | 0.002409 | ✓ | | Progress Residential Trust, Series 2021-SFR9, Class A | 0.002401 | | | American Credit Acceptance Receivables Trust, Series 2022-2, Class F | 0.002362 | | | BHMS Commercial Mortgage Trust, Series 2025-ATLS, Class A | 0.002351 | | | MORGAN STANLEY | 0.002345 | ✓ | | Sequoia Mortgage Trust, Series 2025-7, Class A1 | 0.002339 | | | WELLS FARGO CO | 0.002308 | ✓ | | FirstKey Homes Trust, Series 2022-SFR2, Class F1 | 0.002305 | | | FR SD8342 | 0.002272 | | | NZES 2024-FNT1 A | 0.002269 | | | UBS GROUP | 0.002254 | ✓ | | GOLDMAN SACHS GP | 0.002244 | ✓ | ## JPMorgan International Bond Opportunities ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | JPMORGAN US GOVERNMENT MONEY MARKET FUND OPEN-END FUND USD | 0.051115 | | | Government of Canada | 0.025049 | | | Canadian Government Bond | 0.019571 | | | Presidencia da Republica | 0.019135 | | | CANADIAN WHEN ISSUED GOVERNMENT BOND CAD 3.0% 02-01-27 | 0.018862 | | | ITALY REPUBLIC OF 3.6% 10/01/2035 REGS | 0.015713 | | | South Africa, Parliament of | 0.014851 | ✓ | | United Kingdom of Great Britain and Northern Ireland | 0.011900 | | | MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.010618 | | | MEXICO UNITED MEXICAN STATES 8.5% 02/28/2030 | 0.010466 | ✓ | | Commonwealth of Australia | 0.009478 | | | TITULOS DE TESORERIA 11.750000% 01/24/2035 | 0.008659 | | | Republic of Indonesia, The Government of, The | 0.008372 | ✓ | | US ULTRA BOND CBT Sep25 | 0.008286 | ✓ | | Urzad Rady Ministrow | 0.007820 | ✓ | | CZECH REPUBLIC GOVERNMENT BOND CZK 4.9% 04-14-34 | 0.007630 | ✓ | | CANADIAN GOVERNMENT BOND | 0.007588 | | | CAIXABANK SA 3.625%/VAR 09/19/2032 REGS | 0.007369 | | | TITULOS DE TESORERIA 13.250000% 02/09/2033 | 0.007058 | | | CANADIAN GOVERNMENT BOND CAD 0.25% 03-01-26 | 0.006674 | | | MEXICAN BONOS MXN 8.0% 05-24-35 | 0.006464 | ✓ | | CZECH REPUBLIC GOVERNMENT BOND CZK 3.5% 05-30-35 | 0.006008 | ✓ | | Intesa Sanpaolo SpA | 0.005890 | | | Canada Government Bond | 0.005486 | | | JAPAN GOVT 40-YR | 0.005387 | | | MEXICO UNITED MEXICAN STATES 7.5% 05/26/2033 | 0.005212 | | | UniCredit SpA | 0.005169 | | | TURKIYE GOVERNMENT BOND TRY 36.0% 08-12-26 | 0.004810 | ✓ | | AVOLON HOLDINGS FUNDING LTD 5.375% 05/30/2030 144A | 0.004484 | ✓ | | AERCAP IRELAND | 0.004338 | ✓ | | WILLIAMS COS INC | 0.004307 | | | HSBC HOLDINGS | 0.004141 | | | SANTANDER UK GRP | 0.004066 | ✓ | | ENBRIDGE INC | 0.004054 | | | ENI SPA SR UNSECURED 144A 05/35 5.75 | 0.004025 | ✓ | | Telefonica Europe BV | 0.003953 | ✓ | | Republic of Indonesia | 0.003895 | ✓ | | MEXICAN BONOS MXN 7.75% 05-29-31 | 0.003836 | ✓ | | NATWEST GROUP | 0.003762 | | | BPCE SA REGD V/R 144A P/P 2.27700000 | 0.003720 | | | BANCO SANTANDER SA REGD 5.12700000 | 0.003651 | | | ANGLO AMERICAN CAPITAL PLC | 0.003643 | ✓ | | EMERA US FIN. LP 2.639% | 0.003522 | ✓ | | VOLKSWAGEN LEASING GMBH 4% 04/11/2031 REGS | 0.003517 | | | ENEL FIN INTL NV | 0.003502 | ✓ | | HEIDELBERG MATR | 0.003398 | | | GLENCORE FIN DAC | 0.003360 | | | Brazil Notas do Tesouro Nacional Serie F | 0.003324 | | | Societe Generale SA | 0.003311 | | | BARCLAYS PLC | 0.003137 | | ## Sources - N-PORT (fund A) — accession `0002071691-25-004160` (as of 2025-08-31) - N-PORT (fund B) — accession `0002071691-26-009289` (as of 2026-02-28) --- _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. 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