# Portfolio overlap — SWSFX vs VRIG Comparing **Ultra-Short Fixed Income Fund** (2026-03-31) and **Invesco Variable Rate Investment Grade ETF** (2026-01-31). - Shared positions: 32 - Ultra-Short Fixed Income Fund covered by Invesco Variable Rate Investment Grade ETF: 0.08896150083017466711970547293 - Invesco Variable Rate Investment Grade ETF covered by Ultra-Short Fixed Income Fund: 0.08896150083017466711970547294 ## Ultra-Short Fixed Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Northern Institutional Funds GOVT PTFL | 0.048640 | | | WALT DISNEY CO/THE FRN SOFRINDX+47 03/14/2029 | 0.028243 | | | US TREASURY N/B | 0.021166 | | | BANK OF AMERICA CORPORATION FRN SOFR+111 05/09/2029 | 0.020780 | ✓ | | NATWEST MARKETS PLC SR UNSECURED 144A 09/26 VAR | 0.016979 | | | ING GROEP NV SR UNSECURED 04/27 VAR | 0.016408 | | | Abbott Laboratories | 0.016355 | | | GLENCORE FUNDING LLC COMPANY GUAR 144A 10/26 VAR | 0.013056 | ✓ | | CITIGROUP INC FRN SOFR+128 02/24/2028 | 0.012819 | ✓ | | BANK OF NEW ZEALAND FRN SOFR+81 01/27/2027 144A | 0.012799 | | | SCHWAB CHARLES CORP FRN SOFRINDX+105 03/03/2027 | 0.012204 | | | BLACKROCK FUND | 0.010609 | | | MACQUARIE BANK LTD FRN SOFR+74 06/12/2028 144A | 0.010322 | | | SVENSKA HANDELSBANKEN FRN | 0.009264 | ✓ | | KELLOGG CO | 0.009237 | | | CANADIAN IMPERIAL BK OF COMM FRN SOFR+72 01/13/2028 | 0.009118 | ✓ | | NORDEA BANK ABP FRN SOFR+70 03/17/2028 144A | 0.008711 | | | MERCK INC FRN | 0.008343 | | | RIO TINTO FIN. USA PL FRN | 0.008252 | ✓ | | MORGAN STANLEY B | 0.007969 | ✓ | | ARTHUR J GALLAGH | 0.007952 | | | JPMORGAN CHASE + CO SR UNSECURED 02/28 VAR | 0.007943 | ✓ | | Schlumberger Holdings Corporation | 0.007832 | | | BMW US CAP. LLC FRN | 0.007554 | | | NATIONAL AUSTRALIA BANK LTD | 0.007475 | | | BHP FINANCE USA | 0.007398 | | | EATON CORP | 0.007360 | | | WELLS FARGO + COMPANY SR UNSECURED 01/28 VAR | 0.006986 | ✓ | | PNC Financial Services Group, Inc. (The) | 0.006981 | | | ORACLE CORP VARIABLE RATE 08/03/2028 | 0.006945 | | | GENERAL MOTORS FINL. FRN | 0.006921 | | | SANTANDER HOLDINGS USA SR UNSECURED 03/29 VAR | 0.006737 | ✓ | | ADVANCED MICRO | 0.006727 | | | LLOYDS BK GR PLC | 0.006713 | ✓ | | MS F 04/13/28 MTN | 0.006709 | ✓ | | BANK OF MONTREAL SR UNSECURED 09/26 VAR | 0.006570 | | | SYNOPSYS INC | 0.006568 | | | SALESFORCE INC | 0.006565 | | | NTT FIN. CORP FRN | 0.006552 | ✓ | | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC FRN SOFR+96 09/25/2027 144A | 0.006530 | ✓ | | NATIONWIDE BUILDING SOC(UNGTD) FRN SOFR+129 02/16/2028 144A | 0.006527 | ✓ | | Morgan Stanley Private Bank NA | 0.006447 | | | ROST 0 7/8 04/15/26 | 0.006250 | | | JPMORGAN CHASE + CO SR UNSECURED 09/27 VAR | 0.006141 | | | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 01/27 VAR | 0.006118 | ✓ | | US TREASURY N/B | 0.006096 | | | HSBC HOLDINGS PLC SR UNSECURED 03/29 VAR | 0.006093 | ✓ | | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 06/27 VAR | 0.006092 | ✓ | | VERIZON COMM INC | 0.005957 | | | ELEMENT FLEET MGT. 6.271% | 0.005922 | | ## Invesco Variable Rate Investment Grade ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | U.S. Treasury Notes | 0.067954 | | | U.S. Treasury Notes | 0.050615 | | | U.S. Treasury Notes | 0.031487 | | | U.S.Treasury Notes | 0.029221 | | | Invesco Private Prime Fund | 0.011553 | | | Invesco Government & Agency Portfolio, Institutional Class | 0.009171 | | | Freddie Mac REMICS | 0.007171 | | | Freddie Mac REMICs | 0.006955 | | | Citigroup Inc. | 0.006690 | | | STACR 2024-HQA1 A1 | 0.006644 | | | OneMain Financial Issuance Trust, Series 2023-2A, Class A2 | 0.006623 | | | FNMA Connecticut Avenue Securities Trust, Series 2022-R09, Class 2M1 | 0.006340 | | | Freddie Mac REMICS | 0.006251 | | | FNMA Connecticut Avenue Securities Trust, Series 2025-R01, Class 1A1 | 0.006202 | | | FNMA Connecticut Avenue Securities Trust, Series 2021-R03, Class 1M2 | 0.005998 | | | FNMA Connecticut Avenue Securities Trust, Series 2025-R04, Class 1M1 | 0.005941 | | | VW Float 03/25/27 | 0.005855 | | | ATHENE GLOBAL FUNDING SECURED 144A 09/28 VAR | 0.005854 | | | GS Mortgage-Backed Securities Trust, Series 2025-HE2, Class A1 | 0.005810 | | | Freddie Mac REMICs | 0.005798 | | | STACR 2023-DNA2 M1A | 0.005612 | | | OBX Trust, Series 2025-HE2, Class A1 | 0.005583 | | | FORD MOTOR CREDIT CO LLC SR UNSECURED 11/26 VAR | 0.005579 | | | ABNANV F 12/03/28 144A | 0.005573 | | | FNMA Connecticut Avenue Securities Trust, Series 2023-R03, Class 2M1 | 0.005558 | | | GENERAL MTRS FINL CO INC FRN SOFR+104 02/26/2027 | 0.005556 | | | SANTANDER HOLDINGS USA SR UNSECURED 03/29 VAR | 0.005511 | ✓ | | JPMORGAN CHASE JPM Float 04/22/28 | 0.005504 | | | MS F 04/13/28 MTN | 0.005502 | ✓ | | US BANK NA CINCINNATI SR UNSECURED 05/28 VAR | 0.005501 | | | SKANDINAVISKA ENSKILDA BANKEN FRN SOFR+106 09/03/2030 144A | 0.005500 | | | FREDDIE MAC STACR REMIC TRUST 2023-DNA1 STACR 2023-DNA1 M1B | 0.005389 | | | F+G GLOBAL FUNDING SECURED 144A 09/28 VAR | 0.005332 | | | BANK OF AMERICA CORP SR UNSECURED 07/27 VAR | 0.005202 | | | WFC F 04/22/28 MTN | 0.005191 | | | Federal National Mortgage Association Connecticut Avenue Securities Trust | 0.005182 | | | STACR 2023-HQA3 A1 | 0.005179 | | | ABN AMRO BANK NV REGD V/R 144A P/P 5.90263100 | 0.005150 | | | COREBRIDGE GLOB FUNDING SECURED 144A 01/28 VAR | 0.005110 | | | Fannie Mae Connecticut Avenue Securities | 0.005095 | | | STACR 2023-HQA3 M1 11/43 | 0.005063 | | | ATHENE GLOBAL FUNDING SR SECURED 144A 05/26 VAR | 0.004949 | | | VW FLOAT 08/14/26 | 0.004905 | | | Deutsche Bank AG/New York NY | 0.004848 | ✓ | | FNMA | 0.004833 | | | ING GROEP NV SR UNSECURED 09/27 VAR | 0.004830 | | | BARCLAYS PLC SR UNSECURED 03/28 VAR | 0.004789 | ✓ | | Freddie Mac REMICS | 0.004776 | | | GENERAL MTRS FINL CO INC FRN SOFRINDX+135 05/08/2027 | 0.004775 | | | FHLMC, REMIC, Series 5460, Class AF | 0.004754 | | ## Sources - N-PORT (fund A) — accession `0002066578-26-001924` (as of 2026-03-31) - N-PORT (fund B) — accession `0001418144-26-000125` (as of 2026-01-31) --- _Informational only — not investment advice. 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