# Portfolio overlap — UIINX vs VGVT Comparing **Victory Income Fund** (2026-01-31) and **VANGUARD GOVERNMENT SECURITIES ACTIVE ETF** (2026-03-31). - Shared positions: 37 - Victory Income Fund covered by VANGUARD GOVERNMENT SECURITIES ACTIVE ETF: 0.1022713894692582990068932224 - VANGUARD GOVERNMENT SECURITIES ACTIVE ETF covered by Victory Income Fund: 0.1022713894692582990068932224 ## Victory Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.014152 | ✓ | | US TREASURY N/B | 0.013628 | | | US TREASURY N/B | 0.013469 | ✓ | | US TREASURY N/B | 0.010311 | ✓ | | US TREASURY N/B | 0.010008 | ✓ | | US TREASURY N/B | 0.009337 | ✓ | | US TREASURY N/B | 0.009101 | ✓ | | US TREASURY N/B | 0.008018 | ✓ | | US TREASURY N/B | 0.007984 | ✓ | | US TREASURY N/B | 0.007489 | | | US TREASURY N/B | 0.007154 | | | FIXED INCOME CLEARING CO | 0.006108 | | | US TREASURY N/B | 0.006029 | ✓ | | US TREASURY N/B | 0.005347 | | | US TREASURY N/B | 0.005336 | ✓ | | US TREASURY N/B | 0.005243 | | | US TREASURY N/B | 0.005231 | ✓ | | US TREASURY N/B | 0.005153 | ✓ | | US TREASURY N/B | 0.005121 | ✓ | | US TREASURY N/B | 0.005056 | ✓ | | US TREASURY N/B | 0.004924 | ✓ | | US TREASURY N/B | 0.004859 | ✓ | | US TREASURY N/B | 0.004677 | ✓ | | US TREASURY N/B | 0.004587 | | | US TREASURY N/B | 0.004248 | | | US TREASURY N/B | 0.004058 | ✓ | | US TREASURY N/B | 0.003989 | | | PROLOGIS IN SR Q 8.54% PFD PRP | 0.003987 | | | US TREASURY N/B | 0.003977 | ✓ | | US TREASURY N/B | 0.003930 | ✓ | | US TREASURY N/B | 0.003802 | | | NP SPE II LLC | 0.003609 | | | EASTERN MAINE HEALTHCARE SYSTEMS | 0.003406 | | | U.S. TREASURY INFLATION-PROTECTED SECURITIES .875% 01/15/2029 | 0.003392 | | | SLM STUDENT LOAN TRUST 2012 6 | 0.003238 | | | STELLANTIS FIN US INC REGD 144A P/P 2.69100000 | 0.003226 | | | BACARDI LTD REGD 144A P/P 4.70000000 | 0.003214 | | | MID AMERICA APARTMENT COMMUNITIES INC | 0.003191 | | | Freddie Mac Multifamily Structured Pass Through Certificates 2.85 | 0.003176 | | | FEDERAL NATIONAL MORTGAGE ASSOCIATION | 0.003075 | | | BUNGE LTD FIN CP | 0.002933 | | | SYNOVUS FINANCIAL CORP | 0.002787 | | | US TREASURY N/B | 0.002767 | | | BOSTON PROP LP | 0.002757 | | | US TREASURY N/B | 0.002704 | | | US TREASURY N/B | 0.002651 | ✓ | | TORONTO DOM BANK | 0.002642 | | | US TREASURY N/B | 0.002625 | ✓ | | US TREASURY N/B | 0.002617 | | | US TREASURY N/B | 0.002613 | ✓ | ## 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 `0001004726-26-002371` (as of 2026-01-31) - 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 _