# Portfolio overlap — STBFX vs IPFIX

Comparing **Saturna Short-Term Bond Fund** (2026-02-28) and **Victory Fund for Income** (2026-03-31).

- Shared positions: 2
- Saturna Short-Term Bond Fund covered by Victory Fund for Income: 0.1458981273233218252836051411
- Victory Fund for Income covered by Saturna Short-Term Bond Fund: 0.1458981273233218252836051411

## Saturna Short-Term Bond Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| US TREASURY N/B | 0.094971 | ✓ |
| US TREASURY N/B | 0.067796 |  |
| KPN NV | 0.059335 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-7/8% 04/15/29 | 0.059133 |  |
| US TREASURY N/B | 0.058981 |  |
| US TREASURY N/B | 0.055428 |  |
| US TREASURY N/B | 0.050927 | ✓ |
| US TREASURY N/B | 0.036876 |  |
| BANK OF AMER CRP | 0.036751 |  |
| US TREASURY N/B | 0.033251 |  |
| URI 5.25 01/15/30 | 0.032536 |  |
| FHLMC 4.5 09/05/28 | 0.032181 |  |
| JPMORGAN CHASE | 0.032163 |  |
| TAKE-TWO INTERAC | 0.032094 |  |
| US TREASURY N/B | 0.029092 |  |
| US TREASURY N/B | 0.028955 |  |
| San Diego Unified School District/CA 3.965%, Due 07/01/2029 | 0.027901 |  |
| FHLMC 4.75 12/18/29 | 0.027652 |  |
| FNMA 4.625 03/02/29 | 0.027582 |  |
| PAYPAL HOLDING | 0.027387 |  |
| PROCTER & GAMBLE | 0.027358 |  |
| FHLB 4.5 12/04/29 0000 | 0.023081 |  |
| FHLB 4 09/17/29 0000 | 0.022958 |  |
| UNITED UTILITIES | 0.019583 |  |
| O'REILLY AUTOMOT | 0.013726 |  |
| KROGER CO | 0.010185 |  |
| VERIZON COMM INC | 0.009209 |  |
| MICROSOFT CORP | 0.009163 |  |
| QUALCOMM INC | 0.009147 |  |
| JOHNSON&JOHNSON | 0.004597 |  |

## Victory Fund for Income — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| US TREASURY N/B | 0.102675 | ✓ |
| US TREASURY N/B | 0.101257 | ✓ |
| U.S. Treasury Bills | 0.095731 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.022693 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.018639 |  |
| GN 787966 | 0.016286 |  |
| GN 787965 | 0.015203 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.015131 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.014379 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.011746 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.011415 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.011171 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.011075 |  |
| GN 787964 | 0.010948 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.010877 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.010393 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.010355 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.010198 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.009864 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.009835 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.009731 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.009096 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.008974 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.008898 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.008753 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.008504 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.007779 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.007591 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.006320 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.006279 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.006208 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.006081 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.006051 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.005786 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.005650 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.005141 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.004843 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.004833 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.004832 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.004710 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.004638 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.004635 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G1 | 0.004274 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.004142 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.004097 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.004040 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.004030 |  |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.003821 |  |
| G2 3900 | 0.003691 |  |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.003673 |  |


## Sources

- N-PORT (fund A) — accession `0001193125-26-190467` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/811860/000119312526190467/0001193125-26-190467-index.htm>
- N-PORT (fund B) — accession `0001004726-26-004287` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/802716/000100472626004287/0001004726-26-004287-index.htm>

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