# Portfolio overlap — MASAX vs FTRB Comparing **NYLI MacKay Strategic Bond Fund** (2026-01-31) and **Federated Hermes Total Return Bond ETF** (2026-03-31). - Shared positions: 11 - NYLI MacKay Strategic Bond Fund covered by Federated Hermes Total Return Bond ETF: 0.07900992288730591162919472269 - Federated Hermes Total Return Bond ETF covered by NYLI MacKay Strategic Bond Fund: 0.07900992288730591162919472269 ## 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 | | ## Federated Hermes Total Return Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | FEDERATED CORE TR MTG CORE PORTFOLIO | 0.098104 | | | ISHARES MBS ETF MUTUAL FUND | 0.072390 | | | FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE | 0.066908 | | | Vanguard Mortgage-Backed Securities ETF - Class USD INC | 0.056966 | | | US TREASURY N/B | 0.029984 | | | US TREASURY N/B | 0.026321 | | | FED HIGH YLD BOND PORT | 0.023114 | | | FEDERATED CORE TR MUTUAL FUND | 0.023050 | | | US TREASURY N/B | 0.022507 | ✓ | | US TREASURY N/B | 0.021282 | ✓ | | US TREASURY N/B | 0.017863 | ✓ | | US TREASURY N/B | 0.017487 | | | US TREASURY N/B | 0.015883 | ✓ | | US TREASURY N/B | 0.014376 | | | US TREASURY N/B | 0.012691 | | | US TREASURY N/B | 0.012617 | | | US TREASURY N/B | 0.010769 | | | US TREASURY N/B | 0.010639 | | | US TREASURY N/B | 0.010448 | | | US TREASURY N/B | 0.010344 | ✓ | | Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | 0.010039 | | | iShares JP Morgan USD Em Mkts Bd ETF | 0.007338 | | | US TREASURY N/B | 0.007323 | | | FR SD8193 | 0.007113 | | | US TREASURY N/B | 0.006930 | | | Ishares Trust-Ishares Iiboxx $ High Yield Corporate Bond Etf | 0.006523 | | | US TREASURY N/B | 0.006384 | | | US TREASURY N/B | 0.006031 | | | US TREASURY N/B | 0.006001 | | | US TREASURY N/B | 0.005965 | | | US TREASURY N/B | 0.005709 | ✓ | | UMBS | 0.004637 | | | FR SD8213 | 0.004607 | | | US TREASURY N/B | 0.004217 | | | US TREASURY N/B | 0.003813 | | | FNCL UMBS 4.0 FS4947 01-01-53 | 0.003429 | | | BANK OF AMER CRP | 0.003401 | | | GOLDMAN SACHS GP | 0.003218 | | | US TREASURY N/B | 0.003199 | | | US TREASURY N/B | 0.003138 | | | FNMA POOL FS6809 FN 02/54 FIXED VAR | 0.003125 | | | US TREASURY N/B | 0.003017 | | | WELLS FARGO CO | 0.002962 | | | JPMORGAN CHASE | 0.002868 | | | AT&T INC | 0.002765 | | | US TREASURY N/B | 0.002695 | | | DLLMT 2026-1 LLC DLLMT 2026-1A A3 | 0.002678 | | | US TREASURY N/B | 0.002666 | | | Hungary Government Bond | 0.002480 | | | FS TR 2026-ORL TSFR1M+135 02/15/2041 144A | 0.002356 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-006908` (as of 2026-01-31) - N-PORT (fund B) — accession `0001849998-26-000082` (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 _