# Portfolio overlap — MSDZX vs VFSTX Comparing **Mercer Short Duration Fixed Income Fund** (2026-03-31) and **VANGUARD SHORT-TERM INVESTMENT-GRADE FUND** (2026-01-31). - Shared positions: 179 - Mercer Short Duration Fixed Income Fund covered by VANGUARD SHORT-TERM INVESTMENT-GRADE FUND: 0.09247140641991265055033956612 - VANGUARD SHORT-TERM INVESTMENT-GRADE FUND covered by Mercer Short Duration Fixed Income Fund: 0.09247140641991265055033956614 ## Mercer Short Duration Fixed Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.059941 | | | US TREASURY N/B | 0.027195 | | | US TREASURY N/B | 0.023036 | | | US TREASURY N/B | 0.020935 | | | US TREASURY N/B | 0.012474 | | | US TREASURY N/B | 0.009605 | | | US TREASURY N/B | 0.009517 | | | US TREASURY N/B | 0.006042 | | | Magnetite XXXI, Ltd., Series 2021-31A, Class A1R | 0.005976 | | | US TREASURY N/B | 0.005587 | | | Salesforce Inc | 0.004983 | | | Nippon Life Insurance Co | 0.004806 | | | Neuberger Berman Loan Advisers CLO Ltd., Series 2021-41A, Class AR | 0.004788 | | | LLOYDS BK GR PLC | 0.004729 | ✓ | | JDOT 2023-C A4 | 0.004249 | | | MORGAN STANLEY B | 0.004239 | ✓ | | Freddie Mac REMICS | 0.004099 | | | ROYAL BK CANADA | 0.003932 | ✓ | | Fannie Mae Pool | 0.003753 | | | US TREASURY N/B | 0.003608 | | | SWAP CCPC MORGAN STANLEY COC | 0.003594 | | | PSTAT 2025-3A A1 | 0.003593 | | | WELLS FARGO CO | 0.003554 | ✓ | | Fannie Mae REMICS | 0.003463 | | | VENTURE GLOBAL CALCASIEU SR SECURED 144A 08/29 3.875 | 0.003418 | ✓ | | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2023-2 SER 2023-2 CL C REGD 5.21000000 | 0.003324 | | | JPMORGAN CHASE | 0.003297 | | | NatWest Markets PLC | 0.003244 | | | FNMA POOL BL6406 FN 05/27 FIXED 1.63 | 0.003208 | | | KUBOTA CREDIT OWNER TRUST 2025 KCOT 2025 2A A3 144A | 0.003185 | | | AMXCA 2023-4 A | 0.003072 | | | Uniform Mortgage-Backed Securities | 0.003058 | | | Freddie Mac REMICS | 0.003041 | | | ATWALD 6.05 01/15/28 | 0.003038 | | | CREDIT AGRICOLE SA REGD V/R 144A P/P 5.23000000 | 0.003029 | | | SYNIT 2023-A2 A | 0.003022 | | | FORD CREDIT AUTO OWNER TRUST 2023-A 5.07% 01/15/2029 | 0.003022 | | | BANK OF AMER CRP | 0.003020 | | | BK OF NY MELLON | 0.003017 | ✓ | | NAVIENT STUDENT LOAN TRUST NAVSL 2020 GA A 144A | 0.003015 | | | NTT FINANCE | 0.003007 | ✓ | | BNP Paribas | 0.003007 | ✓ | | GOLDMAN SACHS GP | 0.003006 | ✓ | | MITSUB UFJ FIN | 0.003006 | ✓ | | VOLVO FINANCIAL EQUIPMENT LLC VFET 2024 1A A3 144A | 0.003000 | | | GENERAL MILLS IN | 0.003000 | | | BX Trust 2026-RISE | 0.002998 | | | BX Commercial Mortgage Trust 2026-ALOHA | 0.002998 | | | Bain Capital Credit CLO 2024-1 Ltd | 0.002997 | | | Elmwood CLO 15 Ltd., Series 2022-2A, Class A1R | 0.002997 | | ## VANGUARD SHORT-TERM INVESTMENT-GRADE FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.007858 | | | US TREASURY N/B | 0.007126 | | | Vanguard Market Liquidity Fund | 0.006747 | | | US TREASURY N/B | 0.006103 | | | ABBVIE INC | 0.005884 | ✓ | | BOEING CO | 0.005747 | | | US TREASURY N/B | 0.005738 | | | US TREASURY N/B | 0.005516 | ✓ | | US TREASURY N/B | 0.005380 | | | US TREASURY N/B | 0.005200 | | | US TREASURY N/B | 0.004970 | | | US TREASURY N/B | 0.004948 | | | US TREASURY N/B | 0.004785 | | | US TREASURY N/B | 0.004769 | | | PFIZER INVSTMNT | 0.004401 | | | MARS INC SR UNSECURED 144A 03/28 4.6 | 0.003806 | ✓ | | UNITED MEXICAN | 0.003641 | | | META PLATFORMS | 0.003543 | ✓ | | BAT INTL FINANCE | 0.003410 | | | MARS INC | 0.003189 | ✓ | | NETFLIX INC | 0.003172 | | | Mexico Government International Bonds | 0.003105 | | | LOWE'S COS INC | 0.003018 | | | AMGEN INC | 0.002878 | ✓ | | REGIONS FINL | 0.002827 | | | ORACLE CORP | 0.002793 | | | MORGAN STANLEY | 0.002743 | ✓ | | BAT CAPITAL CORP | 0.002691 | | | KSA SUKUK LTD | 0.002662 | | | UNITED MEXICAN | 0.002645 | | | COF V5.463 07/26/30 | 0.002599 | ✓ | | US TREASURY N/B | 0.002585 | | | The Goldman Sachs Group, Inc. 4.153 10/21/2029 | 0.002577 | ✓ | | AT&T INC | 0.002543 | | | UBS GROUP | 0.002504 | | | AMEREN CORP | 0.002503 | | | PNC FINANCIAL | 0.002496 | | | SAUDI INTERNATIONAL BOND 5.125000% 01/13/2028 | 0.002474 | | | US TREASURY N/B | 0.002389 | | | ROYAL BK CANADA | 0.002345 | | | NORTHROP GRUMMAN | 0.002345 | | | GOLDMAN SACHS GP | 0.002341 | | | GOLDMAN SACHS GP | 0.002339 | ✓ | | SPRINT CAP CORP | 0.002331 | ✓ | | GOLDMAN SACHS GP | 0.002308 | ✓ | | US TREASURY N/B | 0.002284 | | | FIFTH THIRD BANC | 0.002257 | | | US TREASURY N/B | 0.002234 | | | ABBVIE INC | 0.002212 | ✓ | | T-MOBILE USA INC | 0.002203 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-043671` (as of 2026-03-31) - N-PORT (fund B) — accession `0000106444-26-000145` (as of 2026-01-31) --- _Informational only — not investment advice. 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