# Portfolio overlap — QLTY vs PBFDX

Comparing **GMO U.S. Quality ETF** (2026-02-28) and **PAYSON TOTAL RETURN FUND** (2026-03-31).

- Shared positions: 12
- GMO U.S. Quality ETF covered by PAYSON TOTAL RETURN FUND: 0.3905231933883506063902548045
- PAYSON TOTAL RETURN FUND covered by GMO U.S. Quality ETF: 0.3905231933883506063902548046

## GMO U.S. Quality ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| LAM RESEARCH CORP | 0.053475 | ✓ |
| MICROSOFT CORP | 0.053388 | ✓ |
| ALPHABET INC CL A | 0.053172 | ✓ |
| JOHNSON&JOHNSON | 0.049366 |  |
| META PLATFORMS INC CL A | 0.047016 | ✓ |
| APPLE INC | 0.044987 | ✓ |
| KLA CORP | 0.042115 |  |
| BROADCOM INC | 0.039341 | ✓ |
| SALESFORCE INC | 0.035299 | ✓ |
| TEXAS INSTRUMENTS INC | 0.033655 |  |
| THERMO FISHER SCIENTIFIC INC | 0.032979 | ✓ |
| ACCENTURE PLC CL A | 0.032939 |  |
| ABBOTT LABS | 0.032013 |  |
| LILLY ELI and CO | 0.031828 |  |
| AMAZON.COM INC | 0.031147 | ✓ |
| HILTON WORLDWIDE HOLDINGS INC | 0.029609 |  |
| PROCTER & GAMBLE | 0.028989 |  |
| US BANCORP DEL | 0.025960 |  |
| UNITEDHEALTH GRP | 0.023281 |  |
| VISA INC-CLASS A | 0.022104 | ✓ |
| ARAMARK | 0.020662 |  |
| ELEVANCE HEALTH INC | 0.020487 |  |
| MERCK & CO | 0.020242 |  |
| COCA-COLA CO/THE | 0.019306 |  |
| CONSTELLATION BRANDS INC CL A | 0.018506 |  |
| TJX COS INC | 0.017087 | ✓ |
| GENERAL ELECTRIC CO | 0.016758 |  |
| MONDELEZ INTL INC | 0.016332 |  |
| INTUITIVE SURGICAL INC | 0.015638 |  |
| UBER TECHNOLOGIES INC | 0.013913 |  |
| THE CIGNA GROUP | 0.013761 |  |
| WELLS FARGO & CO | 0.010755 |  |
| MASTERCARD INC CL A | 0.010206 | ✓ |
| QUEST DIAGNOSTICS INC | 0.009796 |  |
| BROWN FORMAN CORP NON VTG CL B | 0.009469 |  |
| TRADEWEB MARKETS INC A | 0.009405 |  |
| PTC INC | 0.007675 |  |
| State Street Institutional Treasury Money Market Fund | 0.007339 |  |

## PAYSON TOTAL RETURN FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.086038 |  |
| ALPHABET INC CL A | 0.085581 | ✓ |
| MICROSOFT CORP | 0.077840 | ✓ |
| APPLE INC | 0.077390 | ✓ |
| BROADCOM INC | 0.060835 | ✓ |
| AMAZON.COM INC | 0.055447 | ✓ |
| META PLATFORMS INC CL A | 0.045711 | ✓ |
| JPMORGAN CHASE and CO | 0.042894 |  |
| ASML Holding NV - NY Reg Shares | 0.034533 |  |
| ABBVIE INC | 0.033100 |  |
| ISHARES CORE DIVIDEND GROWTH MUTUAL FUND | 0.031127 |  |
| LAM RESEARCH CORP | 0.029336 | ✓ |
| CATERPILLAR INC | 0.029038 |  |
| HONEYWELL INTL INC | 0.028551 |  |
| MASTERCARD INC CL A | 0.028013 | ✓ |
| THERMO FISHER SCIENTIFIC INC | 0.023771 | ✓ |
| TJX COS INC | 0.023298 | ✓ |
| SALESFORCE INC | 0.022070 | ✓ |
| HUBBELL INC | 0.021456 |  |
| AUTOZONE INC | 0.021203 |  |
| AMETEK INC NEW | 0.021106 |  |
| VISA INC-CLASS A | 0.020308 | ✓ |
| NVENT ELECTRIC | 0.019764 |  |
| MARATHON PETROLEUM CORP | 0.017858 |  |
| AMGEN INC | 0.017356 |  |
| L3HARRIS TECHNOLOGIES INC | 0.014662 |  |
| CHEVRON CORP | 0.014634 |  |
| DANAHER CORP | 0.009213 |  |
| ACCENTURE PLC-A | 0.007868 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-041705` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1981627/000141036826041705/0001410368-26-041705-index.htm>
- N-PORT (fund B) — accession `0000315774-26-000165` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/315774/000031577426000165/0000315774-26-000165-index.htm>

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_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._

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