# Portfolio overlap — MASAX vs ADVAX Comparing **NYLI MacKay Strategic Bond Fund** (2026-01-31) and **NORTH SQUARE STRATEGIC INCOME FUND** (2026-02-28). - Shared positions: 9 - NYLI MacKay Strategic Bond Fund covered by NORTH SQUARE STRATEGIC INCOME FUND: 0.08828912772097426986630492146 - NORTH SQUARE STRATEGIC INCOME FUND covered by NYLI MacKay Strategic Bond Fund: 0.08828912772097426986630492146 ## NYLI MacKay Strategic Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.062353 | | | US TREASURY N/B | 0.043032 | ✓ | | US TREASURY N/B | 0.034069 | ✓ | | US TREASURY N/B | 0.012760 | | | US TREASURY N/B | 0.012389 | | | U.S. Treasury Bills | 0.007756 | | | NYLI U.S. Government Liquidity Fund | 0.006606 | | | FN MA5137 | 0.005389 | | | FN MA5552 | 0.005314 | | | US TREASURY N/B | 0.004967 | ✓ | | FR RR0009 | 0.004842 | | | Invesco Government & Agency Portfolio, Institutional Class | 0.004557 | | | Fannie Mae Connecticut Avenue Securities | 0.004066 | | | RCKT Mortgage Trust, Series 2021-5, Class A1 | 0.003680 | | | STACR 2021-DNA6 B1 | 0.003484 | | | FNMA Connecticut Avenue Securities Trust, Series 2020-SBT1, Class 1B1 | 0.003456 | | | Multi-Family Connecticut Avenue Securities Trust, Series 2025-01, Class B1 | 0.003451 | | | FN MA5614 | 0.003357 | | | FNMA Connecticut Avenue Securities Trust, Series 2021-R03, Class 1M2 | 0.003231 | | | WAYFAIR LLC SR SECURED 144A 11/32 6.75 | 0.003222 | | | STACR TRUST 2018-HRP1 SER 2018-HRP1 CL B2 V/R REGD 144A P/P 15.93628000 | 0.003104 | | | Mill City Mortgage Loan Trust, Series 2018-3, Class B2 | 0.003019 | | | BX Commercial Mortgage Trust, Series 2024-VLT5, Class E | 0.003012 | | | Fannie Mae Connecticut Avenue Securities | 0.002923 | | | US TREASURY N/B | 0.002921 | ✓ | | STACR 2021-DNA5 B2 | 0.002866 | | | Freddie Mac Mscr Trust Mn10 | 0.002861 | | | Freddie Mac Mscr Trust Mn9 | 0.002819 | | | Fannie Mae Connecticut Avenue Securities | 0.002817 | | | Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class E | 0.002782 | | | SHENTL 2025-1A A2 | 0.002769 | | | Flagship Credit Auto Trust, Series 2024-3, Class E | 0.002761 | | | STACR 2021-HQA4 B2 | 0.002761 | | | Freddie Mac STACR Trust 2019-FTR3 | 0.002678 | | | NCMF Trust, Series 2025-MFS, Class E | 0.002649 | | | BX Trust, Series 2025-ARIA, Class C | 0.002588 | | | Freddie Mac STACR Trust 2019-HQA2 | 0.002579 | | | Exeter Automobile Receivables Trust, Series 2025-4A, Class E | 0.002532 | | | Short-Term Investment | 0.002504 | | | OBX Trust, Series 2026-J1, Class AF | 0.002503 | | | Fannie Mae Connecticut Avenue Securities | 0.002499 | | | Flagship Credit Auto Trust, Series 2022-2, Class D | 0.002492 | | | U.S. Treasury Bills | 0.002473 | | | Hertz Vehicle Financing III LLC, Series 2025-3A, Class D | 0.002472 | | | WULF COMPUTE LLC SR SECURED 144A 10/30 7.75 | 0.002435 | | | Comstock Resources, Inc. | 0.002422 | | | GS Mortgage Securities Trust, Series 2015-GC30, Class D | 0.002416 | | | HUNTSMAN INT LLC | 0.002409 | | | Commercial Mortgage Trust, Series 2016-DC2, Class D | 0.002371 | | | Exeter Automobile Receivables Trust, Series 2021-3A, Class E | 0.002363 | | ## NORTH SQUARE STRATEGIC INCOME FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.056970 | ✓ | | US TREASURY N/B | 0.048077 | ✓ | | US ULTRA BOND CBT Sep25 | 0.037974 | ✓ | | U.S. Treasury Notes | 0.029525 | | | V/E JPM EM L C B | 0.028313 | | | Mexican Bonos | 0.019811 | | | US TREASURY N/B | 0.015850 | ✓ | | FR SD8243 | 0.013323 | | | PLNT 2025-1A A2I | 0.013157 | | | FN MA5583 | 0.011919 | | | FNCL UMBS 4.0 CB3620 05-01-52 | 0.011668 | | | US TREASURY N/B | 0.011584 | ✓ | | Freddie Mac Pool | 0.011360 | | | DOMINION ENERGY | 0.010662 | | | Fannie Mae Pool | 0.010648 | | | DIN 2025-1A A2 | 0.010092 | | | Fannie Mae Pool | 0.009949 | | | CNP 3 08/01/28 | 0.009805 | | | EXELON CO | 0.009665 | | | Truist Financial Corp. Series Q Perpetual, 5.10%, 03/01/2030 | 0.009631 | | | Zayo Issuer LLC | 0.009630 | | | CMS ENERGY | 0.009193 | | | ET V6.625 PERP B | 0.009164 | | | Freddie Mac Pool | 0.009158 | | | Uniform Mortgage-Backed Securities | 0.009113 | | | South Bow Canadian infrastructure Holdings Ltd. | 0.009096 | | | Bell Canada | 0.009070 | | | GM V5.75 PERP A | 0.008984 | | | SAGB 8.875 02/28/35 2035 | 0.008862 | | | ENBRIDGE INC SUBORDINATED 07/80 VAR | 0.008724 | | | ALTAGAS LTD REGD V/R 144A P/P 7.20000000 | 0.008505 | | | FR SD6764 | 0.008170 | | | SCHW V4 PERP H | 0.008148 | | | Bank of America Corp., Series FF | 0.007776 | | | JPM V3.65 PERP KK | 0.007591 | | | NEXTERA ENERGY CAPITAL REGD V/R SER . 6.50000000 | 0.007570 | | | C V6.95 PERP FF | 0.007355 | | | CITIZENS FINANCIAL GROUP JR SUBORDINA 12/99 VAR | 0.007339 | | | Uniform Mortgage-Backed Securities | 0.007069 | | | NISOURCE INC | 0.006960 | | | Freddie Mac Pool | 0.006953 | | | FNCL UMBS 2.5 CB2408 12-01-51 | 0.006951 | | | North Square RCIM Tax-Advantaged Preferred and Income Securities ETF | 0.006797 | | | MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class A2 | 0.006793 | | | Freddie Mac Pool | 0.006747 | | | NORDEA BANK ABP F2V | 0.006688 | | | Uniform Mortgage-Backed Securities | 0.006620 | | | FR SD1116 | 0.006461 | | | SOUTHERN CO | 0.006374 | | | Fannie Mae Pool | 0.006343 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-006908` (as of 2026-01-31) - N-PORT (fund B) — accession `0000910472-26-006207` (as of 2026-02-28) --- _Informational only — not investment advice. 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