# Portfolio overlap — MCDIX vs EXCPX Comparing **Credit Series** (2026-03-31) and **Unconstrained Bond Series** (2026-03-31). - Shared positions: 50 - Credit Series covered by Unconstrained Bond Series: 0.2512588176110310853873596097 - Unconstrained Bond Series covered by Credit Series: 0.2512588176110310853873596096 ## Credit Series — top positions | Security | Weight | Shared | |----------|--------|--------| | DREY-GVT CSH-I | 0.037427 | ✓ | | CORNLU 4.169 06/15/30 2025 | 0.016512 | | | JPMORGAN CHASE | 0.016240 | | | JEFFERIES GROUP | 0.015900 | | | VST 7.233 05/17/28 | 0.015191 | | | CAPITAL ONE FINL | 0.015145 | | | FLORIDA PWR CORP | 0.013875 | | | LEDN 2026-1A A 144A 6.748% 02-25-41 | 0.012838 | ✓ | | Uniform Mortgage-Backed Securities | 0.012817 | | | CENOVUS ENERGY | 0.012603 | | | BANK OF AMER CRP | 0.012462 | | | PNC FINANCIAL | 0.012390 | | | ENERGY TRANSFER | 0.012341 | | | MS V4.213 02/08/30 . | 0.012157 | | | Fannie Mae Pool | 0.011922 | ✓ | | Corporacion Nacional del Cobre de Chile | 0.011897 | | | SBA TOWER TRUST REGD 144A P/P 6.59900000 | 0.011727 | ✓ | | Freddie Mac Pool | 0.011724 | ✓ | | FN FS1838 | 0.010765 | | | CITIGROUP INC | 0.010582 | | | FR QE9161 | 0.010529 | | | FIP Master Funding LLC | 0.010428 | ✓ | | Freddie Mac REMICS | 0.010396 | | | FN FS1807 | 0.010264 | | | FN MA4737 | 0.010160 | | | CSMC 2018-J1 TRUST CSMC 2018-J1 A2 | 0.009952 | | | Sequoia Mortgage Trust 2013-9 | 0.009910 | | | VBTEL 2026-1A C2 | 0.009885 | | | Eagle Funding LuxCo S.a.r.l. | 0.009841 | ✓ | | Fannie Mae Pool | 0.009687 | | | Fontainebleau Miami Beach Mortgage Trust, Series 2024-FBLU, Class A | 0.009570 | ✓ | | Sequoia Mortgage Trust 2023-2 | 0.009534 | | | Fannie Mae REMICS | 0.009455 | | | FREDDIE MAC POOL 5.50% | 0.009452 | | | Fannie Mae Pool | 0.008793 | | | SLC Student Loan Trust 2005-3 | 0.008576 | | | CAMERON LNG LLC SR SECURED 144A 01/35 3.302 | 0.008298 | | | SIRIUSPOINT LTD | 0.008294 | | | HOTWIRE FUNDING LLC HWIRE 2023 1A A2 144A | 0.008264 | | | NRG 7.467 07/31/28 | 0.008250 | ✓ | | HUNTINGTON BANCS | 0.008211 | | | D.R. HORTON | 0.008205 | | | CITIZENS FIN GRP | 0.008175 | | | HORZN 2024-1 A 144A 5.375% 09-15-49 | 0.008153 | ✓ | | CONSTELLATION ST | 0.008080 | | | AERCAP IRELAND | 0.008073 | | | BX Commercial Mortgage Trust 2026-CSMO | 0.008067 | | | NEWCASTLE COAL INFRASTRU SR SECURED 144A 09/27 4.4 | 0.007901 | ✓ | | ENERGY TRANS | 0.007900 | | | Freddie Mac Pool | 0.007888 | | ## Unconstrained Bond Series — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.058755 | | | US TREASURY N/B | 0.050076 | | | DREY-GVT CSH-I | 0.047149 | ✓ | | US TREASURY N/B | 0.043140 | | | US TREASURY N/B | 0.040353 | | | ARBOR REALTY TRUST INC REGD 5.00000000 | 0.011911 | | | US TREASURY N/B | 0.011412 | | | NRG 7.467 07/31/28 | 0.011030 | ✓ | | Cloud Capital Holdco LP, Series 2024-1A, Class A2 | 0.010454 | ✓ | | SLM STUDENT LOAN TRUST 2012-7 SER 2012-7 CL A3 V/R 4.63867000 | 0.010033 | | | Morgan Stanley Residential Mortgage Loan Trust 2021-4 | 0.009803 | | | GCAT Trust, Series 2022-NQM3, Class A1 | 0.009494 | | | ECMC Group Student Loan Trust 4.92419 11/25/2074 | 0.009487 | ✓ | | Freddie Mac Pool | 0.009245 | ✓ | | Fannie Mae Pool | 0.008849 | ✓ | | IMPERIAL FUND MORTGAGE TRUST 2022-NQM4 A1 4.767% 06/25/2067 144A | 0.008650 | | | FN MA4841 | 0.008648 | | | HORZN 2024-1 A 144A 5.375% 09-15-49 | 0.008611 | ✓ | | Fontainebleau Miami Beach Mortgage Trust, Series 2024-FBLU, Class A | 0.008524 | ✓ | | NRZT 2022-NQM2 A1 | 0.008463 | | | JP Morgan Mortgage Trust 2021-5 | 0.008418 | | | SBA TOWER TRUST REGD 144A P/P 6.59900000 | 0.007890 | ✓ | | GS Mortgage-Backed Securities Trust 2022-PJ3 | 0.007887 | | | LEDN 2026-1A A 144A 6.748% 02-25-41 | 0.007623 | ✓ | | FEDERAL NATIONAL MORTGAGE ASSOCIATION | 0.007505 | | | Freddie Mac Pool | 0.007432 | | | Centersquare Issuer LLC, Series 2024-1A, Class A2 | 0.007384 | ✓ | | COLT Mortgage Loan Trust, Series 2021-4, Class A1 | 0.006606 | | | BX Trust, Series 2024-VLT4, Class A | 0.006436 | ✓ | | IMPRL 2022-NQM2 A1 | 0.006431 | ✓ | | INTERNATIONAL SEAWAYS INC 7.125% 09/23/2030 | 0.006418 | | | FR RB5264 | 0.006352 | | | OASIS 2024-1A A | 0.006332 | | | SLM Student Loan Trust 4.93867 09/25/2028 | 0.006290 | | | DNFRA 2021-1A A | 0.006207 | | | FIP Master Funding LLC | 0.006179 | ✓ | | WESTJET LOYALTY LP TERM LOAN B | 0.006030 | | | USQ RAIL II LLC STEAM 2021-3 A | 0.006005 | | | Contships Logistics Corp | 0.005990 | | | Eagle Funding LuxCo S.a.r.l. | 0.005902 | ✓ | | PEAR 2023-1 LLC | 0.005815 | ✓ | | J.P. Morgan Mortgage Trust 2022-INV3 | 0.005806 | | | Deephaven Residential Mortgage Trust, Series 2021-3, Class A1 | 0.005759 | | | SUA 2025-1 LLC SUA 2025-1 A | 0.005717 | | | ACG Holdco 1 PLC | 0.005685 | | | OXFORD FIN LLC/CO ISS II SR UNSECURED 144A 02/27 6.375 | 0.005660 | | | ADC 2021-1A A2 | 0.005657 | | | ALLO ISSUER LLC ALLO 2023-1A A2 | 0.005627 | ✓ | | Pelorus Fund REIT LLC | 0.005519 | | | GGAMMT 2025-1A A 144A 5.923% 09-30-60 | 0.005510 | ✓ | ## Sources - N-PORT (fund A) — accession `0000940400-26-021775` (as of 2026-03-31) - N-PORT (fund B) — accession `0000940400-26-021771` (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). 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