# Portfolio overlap — ULST vs MENAX

Comparing **State Street(R) Ultra Short Term Bond ETF** (2026-03-31) and **Madison Covered Call & Equity Income Fund** (2026-04-30).

- Shared positions: 1
- State Street(R) Ultra Short Term Bond ETF covered by Madison Covered Call & Equity Income Fund: 0.1192043776202400855285389967
- Madison Covered Call & Equity Income Fund covered by State Street(R) Ultra Short Term Bond ETF: 0.1192043776202400855285389967

## State Street(R) Ultra Short Term Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| State Street Navigator Securities Lending Portfolio II | 0.119204 | ✓ |
| US TREASURY N/B | 0.111901 |  |
| U.S. Treasury Bills | 0.096061 |  |
| United States Treasury Bill | 0.095673 |  |
| US TREASURY N/B | 0.029110 |  |
| US TREASURY N/B | 0.027890 |  |
| BACCT 2023-A1 A1 | 0.012269 |  |
| NTT FINANCE | 0.012009 |  |
| MICROSOFT CORP | 0.011577 |  |
| CPCHEM 3.4 12/01/26 144A | 0.010599 |  |
| VORNADO REALTY LP SR UNSECURED 06/26 2.15 | 0.010264 |  |
| CHARLES SCHWAB | 0.009819 |  |
| MORGAN STANLEY | 0.009717 |  |
| GEN MOTORS FIN | 0.009487 |  |
| BMWLT 2024-1 A4 | 0.008872 |  |
| M&T BANK CORP | 0.008550 |  |
| BRDCOM CRP / FIN | 0.008371 |  |
| MYLAN NV | 0.008328 |  |
| HUNTINGTON NATL BK COLUMBUS OH 5.65% 01/10/2030 | 0.008278 |  |
| DEUTSCHE BANK NY | 0.008139 |  |
| National Rural Utilities Cooperative Finance Corp. | 0.008063 |  |
| HUNTINGTON NATL | 0.008008 |  |
| ONEOK INC | 0.008008 |  |
| BOEING CO | 0.007997 |  |
| LVS 3.5 08/18/26 | 0.007969 |  |
| BANCO SANTANDER | 0.007969 |  |
| Siemens Financieringsmaatschappij NV | 0.007962 |  |
| BANK OF AMER CRP | 0.007263 |  |
| ABBVIE INC | 0.007206 |  |
| Pacific Life Global Funding II | 0.006676 |  |
| WELLS FARGO CO | 0.006154 |  |
| ADVANCED MICRO | 0.005856 |  |
| PHILIP MORRIS IN | 0.005783 |  |
| USAA Auto Owner Trust, Series 2025-A, Class A2 | 0.005601 |  |
| CRWD 3 02/15/29 | 0.005332 |  |
| GMCAR 2023-3 A3 | 0.005264 |  |
| US BANCORP | 0.004873 |  |
| UNITED TECH CORP | 0.004864 |  |
| BARCLAYS PLC | 0.004849 |  |
| DTRGR 4.95 01/13/28 144A | 0.004842 |  |
| SIEMENS FINANCIERINGSMAATSCHAPPIJ NV | 0.004839 |  |
| HHT 2025-MAUI A 144A FRN 03-15-42 | 0.004790 |  |
| MIZUHO FINANCIAL | 0.004778 |  |
| COMCAST CORP | 0.004768 |  |
| VICI PROPERTIES / NOTE REGD 144A P/P 4.25000000 | 0.004216 |  |
| CANADIAN IMPERIAL BK OF COMM 5.926% 10/02/2026 | 0.004179 |  |
| Schlumberger Holdings Corporation | 0.004032 |  |
| BALN 5 03/26/27 144A | 0.004031 |  |
| DAIMLER TRUCK | 0.004020 |  |
| COREBRIDGE GF | 0.004018 |  |

## Madison Covered Call & Equity Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| State Street Navigator Securities Lending Portfolio II | 0.134466 | ✓ |
| TRANSOCEAN LTD | 0.079319 |  |
| MATADOR RESOURCES COMPANY | 0.059461 |  |
| PEPSICO INC | 0.056275 |  |
| APA CORP | 0.054309 |  |
| MICROCHIP TECHNOLOGY | 0.049580 |  |
| ARCHER DANIELS MIDLAND CO | 0.048956 |  |
| CVS HEALTH CORP | 0.044503 |  |
| CONSTELLATION BRANDS INC CL A | 0.034386 |  |
| MARSH & MCLENNAN | 0.030176 |  |
| AES CORP | 0.029855 |  |
| MICROSOFT CORP | 0.028456 |  |
| ADOBE INC | 0.027949 |  |
| MEDTRONIC PLC | 0.026867 |  |
| PAYPAL HOLDINGS | 0.026242 |  |
| BROADCOM INC | 0.025702 |  |
| T-MOBILE US INC | 0.024476 |  |
| LAS VEGAS SANDS CORP | 0.022790 |  |
| PFIZER INC | 0.022468 |  |
| DANAHER CORP | 0.021425 |  |
| WEYERHAEUSER CO | 0.020969 |  |
| VISA INC-CLASS A | 0.019632 |  |
| COLGATE-PALMOLIVE CO | 0.018687 |  |
| HONEYWELL INTL INC | 0.017596 |  |
| CME GROUP INC CL A | 0.017131 |  |
| ACCENTURE PLC CL A | 0.016016 |  |
| AMAZON.COM INC | 0.015051 |  |
| FISERV INC | 0.014359 |  |
| NIKE INC CL B | 0.012898 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-055482` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1516212/000141036826055482/0001410368-26-055482-index.htm>
- N-PORT (fund B) — accession `0001410368-26-064087` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/1040612/000141036826064087/0001410368-26-064087-index.htm>

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_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._

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