# Portfolio overlap — TSDUX vs CUTAX Comparing **Ultra-Short Term Fixed Income Fund** (2026-02-28) and **Six Circles Tax Aware Ultra Short Duration Fund** (2026-03-31). - Shared positions: 78 - Ultra-Short Term Fixed Income Fund covered by Six Circles Tax Aware Ultra Short Duration Fund: 0.09048214257638920293833937309 - Six Circles Tax Aware Ultra Short Duration Fund covered by Ultra-Short Term Fixed Income Fund: 0.09048214257638920293833937309 ## Ultra-Short Term Fixed Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | FUTURE CONTRACT ON US 5YR NOTE (CBT) JUN26 0.00000000 | 0.098674 | ✓ | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2025-135 CL FE V/R 5.24888000 | 0.021575 | | | FNMA, Series 2025-88, Class KF | 0.020792 | | | FNCL 5.5 4/26 | 0.020149 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 10/15/2026 | 0.017034 | | | U.S. Treasury Inflation-Protected Security 0.375%, due 01/15/27 | 0.013648 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2026 | 0.012739 | | | FUTURE CONTRACT ON 3 MONTH SOFR FUT DEC27 0.00000000 | 0.012706 | ✓ | | MPLX LP | 0.009372 | | | F+G GLOBAL FUNDING SECURED 144A 06/26 1.75 | 0.008201 | ✓ | | HNDA Float 08/13/27 | 0.008031 | | | AIRCASTLE LTD | 0.007993 | ✓ | | FREDDIE MAC REMICS SER 5513 CL MF V/R 5.01180000 | 0.007974 | | | Carvana Auto Receivables Trust, Series 2023-P1, Class A4 | 0.007737 | ✓ | | AERCAP IRELAND | 0.007645 | ✓ | | SAUDI INTERNATIONAL BOND REGD REG S 5.12500000 | 0.007605 | | | MIZUHO FINANCIAL GROUP SR UNSECURED 05/31 VAR | 0.007499 | | | ING GROEP NV SR UNSECURED 04/27 VAR | 0.007446 | ✓ | | U.S. Treasury Bills | 0.007414 | | | RY F 03/27/28 GMTN | 0.007095 | ✓ | | VOLKSWAGEN GROUP OF AMERICA FINANCE LLC | 0.006952 | | | BCC 2022-2A A1R | 0.006904 | | | MOLSON COORS | 0.006865 | | | FNMA, Series 2025-95, Class F | 0.006709 | | | NATIONAL BANK OF CANA FRN | 0.006630 | ✓ | | AVIATION CAPITAL | 0.006591 | ✓ | | SANUK V1.673 06/14/27 | 0.006570 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-122 CL FA V/R 3.00000000 | 0.006530 | | | UBER TECHNOLOGIES INC REGD 144A P/P 4.50000000 | 0.006350 | ✓ | | STARBUCKS CORP | 0.006229 | | | BMW US CAPITAL LLC REGD V/R 144A P/P 5.03519200 | 0.006112 | ✓ | | AMERICAN EXPRESS FRN | 0.005749 | | | DEUTSCHE BANK NY | 0.005576 | ✓ | | AIR LEASE CORP | 0.005564 | | | JACKSON NATL LIFE GLOBAL SECURED 144A 09/28 VAR | 0.005531 | ✓ | | ANCHORAGE CREDIT FUNDING LTD. ANCHF 2025 19A A 144A | 0.005528 | | | ATHENE GLOBAL FUNDING SECURED 144A 01/27 VAR | 0.005522 | | | ROCKFORD TOWER CLO LTD ROCKT 2021 2A A1R 144A | 0.005521 | | | KKR FINANCIAL CLO LTD KKR 36A AR 144A | 0.005520 | | | Symphony CLO XXIV, Ltd., Series 2020-24A, Class A1R | 0.005517 | | | THE CAMPBELLS CO | 0.005516 | | | WELLFLEET CLO LTD WELF 2021 1A A1R 144A | 0.005515 | | | FORD MOTOR CRED | 0.005514 | | | WOODSIDE FIN LTD 3.7% 09/15/2026 144A | 0.005499 | | | CENTERPOINT ENER | 0.005478 | | | LAD Auto Receivables Trust, Series 2024-3A, Class A3 | 0.005466 | | | FREDDIE MAC REMICS SER 5584 CL DF V/R 4.97180000 | 0.005388 | ✓ | | MTLRF 2025-1A A2 | 0.005335 | | | FREDDIE MAC REMICS SER 5532 CL FA V/R 5.02180000 | 0.005265 | | | Goldman Sachs Group, Inc. (The) | 0.005241 | ✓ | ## Six Circles Tax Aware Ultra Short Duration Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | FUTURE CONTRACT ON US 2YR NOTE (CBT) JUN26 0.00000000 | 0.104128 | | | RC R/P BNP PA 3.720% 04/01/26 3.72000000 | 0.026535 | | | ORLANDO UTILS-VAR-1 | 0.024006 | | | FUTURE CONTRACT ON 3MO EURO EURIBOR DEC26 /EUR/ 0.00000000 | 0.023672 | | | FUTURE CONTRACT ON ICE 3MTH SONIA FU DEC26 /GBP/ 0.00000000 | 0.023040 | | | ROCHSTR MN HLTH MAYO V7 | 0.022032 | | | NYC TRANSITIONAL-A-1 | 0.020741 | | | FUTURE CONTRACT ON US 5YR NOTE (CBT) JUN26 0.00000000 | 0.019689 | ✓ | | Chelan County Public Utility District No. 1, Series 2008, RB | 0.019278 | | | MO HLTH & EDU FACS-F | 0.015902 | | | TRIBOROUGH NY BRIDGE & TUNNEL TRIBOROUGH BRIDGE & TUNNEL AUTHORITY | 0.014801 | | | State of Connecticut, Series 2025D | 0.014182 | | | OHIO ST HOSP FAC REVENUE REGD V/R B/E 2.25000000 | 0.013411 | | | CHICAGO IL MET WTR RECLAMATION REGD N/C B/E 5.00000000 | 0.012877 | | | NEW YORK NY REGD V/R B/E 2.50000000 | 0.012453 | | | Uniform Mortgage-Backed Security, TBA | 0.011436 | | | NEW YORK ST HSG FIN AGY REVENU REGD V/R B/E 2.35000000 | 0.011131 | | | OHIO ST UNIV REGD V/R B/E 2.35000000 | 0.011112 | | | NY CITY-B4-VAR | 0.010441 | | | ARIZONA BRD OF RGTS ST UNIV SY REGD V/R B/E 2.30000000 | 0.010264 | | | PENNSYLVANIA ST REGD N/C B/E 5.00000000 | 0.009902 | | | State of New Jersey, Series 2020A | 0.009809 | | | TRIBOROUGH NY BRIDGE & TUNNEL REGD N/C B/E 5.00000000 | 0.009796 | | | FUTURE CONTRACT ON 3 MONTH SOFR FUT DEC27 0.00000000 | 0.009716 | ✓ | | FUTURE CONTRACT ON AUST 3YR BOND FUT JUN26 /AUD/ 0.00000000 | 0.009591 | | | RC R/P BOFA S 3.690% 04/01/26 3.69000000 | 0.009579 | | | PHIL PA AIRPORT 5% 7/1/2026 @ | 0.009392 | | | MUNIBOND | 0.009155 | | | Los Angeles Department of Water & Power, Series 2020A | 0.008290 | | | CHICAGO IL MET WTR RECLAMATION REGD N/C B/E 5.00000000 | 0.008270 | | | WA ST-SER R-2023B-REF | 0.007899 | | | INDIANA ST FIN AUTH REVENUE REGD N/C B/E 5.00000000 | 0.007228 | | | PORT OF SEATTLE WA REGD N/C B/E 5.00000000 | 0.007197 | | | NORFOLK VA ECON DEV AUTH HOSPF REGD V/R B/E 2.35000000 | 0.007122 | | | IN HLTH-I-RF-SISTERS | 0.007089 | | | RALEIGH NC LTD OBLIG REGD N/C B/E 5.00000000 | 0.007035 | | | DFW ARPT 5% 11/1/2027 @ | 0.006917 | | | Port of Seattle, Washington, Revenue Bonds, Refunding Intermediate Lien Series 2024B | 0.006881 | | | CURATORS OF THE UNIV OF MISSOU REGD N/C B/E 5.00000000 | 0.006803 | | | Indianapolis Local Public Improvement Bond Bank, Series B-2 | 0.006176 | | | PENNSYLVANIA CMWLTH | 0.006018 | | | State of Georgia, Series 2016E | 0.005892 | | | OHIO ST UNIV REGD V/R B/E 2.15000000 | 0.005748 | | | CONNECTICUT ST HSG FIN AUTH HS REGD V/R B/E 3.25000000 | 0.005350 | | | ROCHESTER MN HLTH CARE FACS REVENUE | 0.005269 | | | NORFOLK VA ECON DEV AUTH HOSPF REGD V/R B/E 2.35000000 | 0.005077 | | | STATE OF CALIFORNIA | 0.005060 | | | IL MUNI ELEC AGY-A | 0.004983 | | | District of Columbia, Series 2024 A, GO Bonds | 0.004950 | | | WISCONSIN ST REGD N/C B/E 5.00000000 | 0.004920 | | ## Sources - N-PORT (fund A) — accession `0001003715-26-001535` (as of 2026-02-28) - N-PORT (fund B) — accession `0001003715-26-001968` (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 _