# Portfolio overlap — TFBAX vs VGVT Comparing **American Beacon TwentyFour Short Term Bond Fund** (2026-03-31) and **VANGUARD GOVERNMENT SECURITIES ACTIVE ETF** (2026-03-31). - Shared positions: 1 - American Beacon TwentyFour Short Term Bond Fund covered by VANGUARD GOVERNMENT SECURITIES ACTIVE ETF: 0.01911990282004101705748644111 - VANGUARD GOVERNMENT SECURITIES ACTIVE ETF covered by American Beacon TwentyFour Short Term Bond Fund: 0.01911990282004101705748644111 ## American Beacon TwentyFour Short Term Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | GERMANY FEDERAL REPUBLIC OF 2.4% 04/18/2030 REGS | 0.086457 | | | Nationwide Building Society | 0.030109 | | | Societe Generale SA | 0.023263 | | | Pierpont BTL PLC | 0.022755 | | | US TREASURY N/B | 0.020587 | ✓ | | LEGAL & GENL GRP | 0.020161 | | | HSBC HOLDINGS PLC GBP REG S SUB (B) 8.201% 11-16-34/29 | 0.016348 | | | Barclays PLC 8.41 11/14/2032 | 0.015805 | | | DIGITAL DUTCH FINCO BV 1.5% 03/15/2030 REGS | 0.015753 | | | CAIXABANK SA MTN 6.875000% 10/25/2033 | 0.015605 | | | DEUTSCHE BANK AG MTN 6.125000% 12/12/2030 | 0.015500 | | | LLOYDS BANKING GROUP PLC 6.625%/VAR 06/02/2033 REGS | 0.015473 | | | RL FINANCE NO3 | 0.015433 | | | Yorkshire Building Society | 0.015402 | | | CPUK Finance Ltd. | 0.015401 | | | Coventry Building Society | 0.015380 | | | ING GROEP NV | 0.015360 | | | Vattenfall AB | 0.015350 | | | Porterbrook Rail Finance Ltd. | 0.015330 | | | Credit Agricole SA | 0.015290 | | | PHOENIX GRP | 0.015219 | | | J Sainsbury PLC | 0.015213 | | | General Motors Financial Co., Inc. | 0.015188 | | | Leeds Building Society | 0.015187 | | | Holmes Master Issuer PLC | 0.015159 | | | Tennet Netherlands BV | 0.015149 | | | NatWest Group PLC | 0.015122 | | | Rothesay Life PLC | 0.015100 | | | BPCE SA | 0.015030 | | | AT&T, Inc. | 0.014963 | | | PENSION INSURANCE CORP PLC 5.625% 09/20/2030 REGS | 0.014919 | | | Intesa Sanpaolo SpA | 0.014896 | | | AVIVA PLC | 0.014532 | | | SANTANDER UK GRP | 0.014435 | | | APA Infrastructure Ltd. | 0.014115 | | | Liberty Living Finance PLC | 0.014111 | | | Vodafone Group Public Limited Company | 0.014011 | | | BANCO SANTANDER SA MTN 5.750000% 08/23/2033 | 0.013714 | | | Argenta Spaarbank NV | 0.013443 | | | NN GROUP NV 4.625%/VAR 01/13/2048 REGS | 0.013428 | | | NATL GRID PLC | 0.013396 | | | TENNET HOLDING BV EUAMDB05+NA PERP REGS | 0.013389 | | | AXA SA | 0.013352 | | | Sage Group PLC | 0.013325 | | | BNP Paribas SA | 0.013243 | | | SSE PLC | 0.013198 | | | Verizon Communications, Inc. | 0.013193 | | | Haleon U.K. Capital PLC | 0.013101 | | | CNP Assurances SA (pfd) 4.75% 12/27/2174 Perpetual | 0.013065 | | | IBERDROLA INTL | 0.013035 | | ## VANGUARD GOVERNMENT SECURITIES ACTIVE ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | FNA 2018-M7 A2 | 0.044675 | | | US TREASURY N/B | 0.032653 | | | US TREASURY N/B | 0.026030 | | | US TREASURY N/B | 0.024479 | | | FNA 2019-M5 A2 | 0.021885 | | | Vanguard Market Liquidity Fund | 0.021116 | | | US TREASURY N/B | 0.020740 | | | FNA 2017-M15 ATS2 | 0.020297 | | | US TREASURY N/B | 0.019120 | ✓ | | FHMS K511 A2 | 0.018900 | | | US TREASURY N/B | 0.016250 | | | US TREASURY N/B | 0.016049 | | | US TREASURY N/B | 0.015993 | | | GNR 2025-192 HG | 0.014877 | | | FHMS K507 A2 | 0.014857 | | | US TREASURY N/B | 0.014172 | | | US TREASURY N/B | 0.010635 | | | US TREASURY N/B | 0.010581 | | | US TREASURY N/B | 0.010532 | | | Fannie Mae Pool | 0.010487 | | | US TREASURY N/B | 0.010369 | | | US TREASURY N/B | 0.009795 | | | US TREASURY N/B | 0.009649 | | | Government National Mortgage Association | 0.009391 | | | FNA 2018-M8 A2 | 0.009328 | | | US TREASURY N/B | 0.009064 | | | US TREASURY N/B | 0.008821 | | | US TREASURY N/B | 0.008409 | | | US TREASURY N/B | 0.008375 | | | US TREASURY N/B | 0.008180 | | | US TREASURY N/B | 0.008001 | | | US TREASURY N/B | 0.007807 | | | US TREASURY N/B | 0.007791 | | | FNA 2017-M11 A2 | 0.007760 | | | US TREASURY N/B | 0.007472 | | | FNA 2017-M13 A2 | 0.007114 | | | FHMS K070 A2 | 0.007008 | | | US TREASURY N/B | 0.006835 | | | US TREASURY N/B | 0.006784 | | | US TREASURY N/B | 0.006642 | | | US TREASURY N/B | 0.006556 | | | FHR 5343 HZ | 0.006501 | | | PMTLT 2025-INV12 A35 | 0.006408 | | | US TREASURY N/B | 0.006395 | | | US TREASURY N/B | 0.006348 | | | US TREASURY N/B | 0.006228 | | | US TREASURY N/B | 0.005820 | | | US TREASURY N/B | 0.005697 | | | US TREASURY N/B | 0.005694 | | | FN AN7218 | 0.005564 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-056076` (as of 2026-03-31) - N-PORT (fund B) — accession `0000836906-26-000277` (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). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _