# Portfolio overlap — VIPIX vs S000009855

Comparing **VANGUARD INFLATION-PROTECTED SECURITIES FUND** (2026-03-31) and **PIMCO Real Return Portfolio** (2026-03-31).

- Shared positions: 47
- VANGUARD INFLATION-PROTECTED SECURITIES FUND covered by PIMCO Real Return Portfolio: 0.8402217802698993552875120691
- PIMCO Real Return Portfolio covered by VANGUARD INFLATION-PROTECTED SECURITIES FUND: 0.8402217802698993552875120691

## VANGUARD INFLATION-PROTECTED SECURITIES FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| U.S. Treasury Inflation-Protected Indexed Notes | 0.039405 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.037060 | ✓ |
| U.S. Treasury Inflation-Protected Notes 1.75%, Due 01/15/2034 | 0.035358 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.375 07/15/33 | 0.033040 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.125% 01/15/2033 | 0.032960 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 07/15/2032 | 0.032876 | ✓ |
| U.S. Treasury Notes | 0.032455 | ✓ |
| U.S. Treasury Notes | 0.032429 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.031804 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 | 0.031276 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 07/15/2028 | 0.031158 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  01/15/32 | 0.030920 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.029471 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.250 04/15/2028 | 0.029399 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 04/15/2027 | 0.028779 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2031 | 0.028286 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 01/15/2031 | 0.027934 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .125 07/15/2030 | 0.027111 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/2% 01/15/2028 | 0.026014 | ✓ |
| U.S. Treasury Notes 0.125%, Due 1/15/2030 | 0.025832 | ✓ |
| U.S. Treasury Notes | 0.022695 | ✓ |
| U.S. Treasury Inflation-Linked Notes | 0.021807 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .875% 01/15/2029 | 0.020190 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .25%  07/15/29 | 0.019755 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 | 0.019474 | ✓ |
| US TREASURY N/B | 0.019249 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2045 | 0.016668 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-7/8% 04/15/29 | 0.013764 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/8% 02/15/2044 | 0.012858 | ✓ |
| US TREASURY N/B | 0.012086 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-5/8% 04/15/28 | 0.011681 | ✓ |
| U.S. Treasury Inflation-Indexed Notes | 0.011358 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2-1/2% 01/15/29 | 0.011091 |  |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.010998 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/4% 01/15/28 | 0.010977 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2042 | 0.010657 | ✓ |
| U.S. Treasury Inflation-Protected Notes 2.125%, Due 02/15/2054 | 0.010186 | ✓ |
| Vanguard Market Liquidity Fund | 0.009589 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.50% 2/15/2053 | 0.009232 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.009114 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  02/15/2052 | 0.007219 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/46 | 0.006424 | ✓ |
| UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 2.375% 02-15-56 | 0.006332 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 02/15/2043 | 0.006192 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0.25% 02/15/2050 | 0.006162 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.005802 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2 1/8% 02/15/40 | 0.005779 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-7/8% 02/15/2047 | 0.005606 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/48 | 0.005513 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-3/8% 04/15/32 | 0.005165 |  |

## PIMCO Real Return Portfolio — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| U.S. Treasury Inflation-Protected Notes 1.75%, Due 01/15/2034 | 0.042691 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 07/15/2032 | 0.039464 | ✓ |
| U.S. Treasury Notes | 0.038695 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.038545 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2031 | 0.037942 | ✓ |
| U.S. Treasury Notes | 0.036871 | ✓ |
| U.S. Treasury Notes | 0.036367 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.035151 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.034664 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.125% 01/15/2033 | 0.034505 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 | 0.032346 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 04/15/2027 | 0.031957 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.375 07/15/33 | 0.031782 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.250 04/15/2028 | 0.031266 | ✓ |
| U.S. Treasury Inflation-Linked Notes | 0.031066 | ✓ |
| U.S. Treasury Inflation-Protected Security 0.375%, due 01/15/27 | 0.028662 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .875% 01/15/2029 | 0.028514 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 07/15/2028 | 0.028207 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/2% 01/15/2028 | 0.027955 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  01/15/32 | 0.027410 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 | 0.026383 | ✓ |
| U.S. Treasury Notes 0.125%, Due 1/15/2030 | 0.024454 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .125 07/15/2030 | 0.021149 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 01/15/2031 | 0.021040 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .25%  07/15/29 | 0.020359 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.018022 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/8% 02/15/2044 | 0.015413 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2-3/8% 01/15/27 | 0.013218 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2045 | 0.012917 | ✓ |
| U.S. Treasury Inflation-Indexed Notes | 0.011431 | ✓ |
| U.S. Treasury Inflation-Protected Notes 2.125%, Due 02/15/2054 | 0.011355 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/4% 01/15/28 | 0.011122 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 02/15/2042 | 0.010911 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-7/8% 02/15/2047 | 0.009860 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 10/15/2026 | 0.009641 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/46 | 0.009125 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/48 | 0.009033 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.008955 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.50% 2/15/2053 | 0.008331 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 02/15/2043 | 0.008281 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.007271 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-5/8% 04/15/28 | 0.006814 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0.25% 02/15/2050 | 0.005842 | ✓ |
| U.S. Treasury Inflation Linked Bonds | 0.005667 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  02/15/2052 | 0.004749 | ✓ |
| U.S. Treasury Inflation-Protected Indexed Bonds | 0.004682 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-7/8% 04/15/29 | 0.004503 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2 1/8% 02/15/40 | 0.002581 | ✓ |
| PIMCO PRV SHORT TERM FLT III MUTUAL FUND | 0.002324 |  |
| US ULTRA BOND CBT Sep25 | 0.000364 | ✓ |


## Sources

- N-PORT (fund A) — accession `0000794105-26-000184` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/794105/000079410526000184/0000794105-26-000184-index.htm>
- N-PORT (fund B) — accession `0001099263-26-007203` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/810893/000109926326007203/0001099263-26-007203-index.htm>

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