# Portfolio overlap — WBND vs BMDL Comparing **Western Asset Total Return ETF** (2025-06-30) and **VictoryShares WestEnd Economic Cycle Bond ETF** (2025-12-31). - Shared positions: 18 - Western Asset Total Return ETF covered by VictoryShares WestEnd Economic Cycle Bond ETF: 0.01685643126029751625783047719 - VictoryShares WestEnd Economic Cycle Bond ETF covered by Western Asset Total Return ETF: 0.01685643126029751625783047719 ## Western Asset Total Return ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.036621 | | | FREDDIE MAC POOL FR RA4142 | 0.026521 | | | BNY CASH RESERVE | 0.021667 | | | US TREASURY N/B | 0.017944 | | | UNITED MEXICAN | 0.017035 | | | AERCAP IRELAND | 0.016436 | | | SANDS CHINA LTD | 0.016205 | | | Government National Mortgage Association | 0.015909 | | | Presidencia da Republica | 0.015893 | | | PRXNA 3.061 07/13/31 | 0.014945 | | | REPUBLIC OF COLOMBIA SR UNSECURED 04/32 3.25 | 0.013382 | | | U.S. Treasury Bills | 0.012564 | | | FR SD7555 | 0.011525 | | | LAD AUTO RECEIVABLES TRUST 2024-1 SER 2024-1A CL C REGD 144A P/P 5.64000000 | 0.010301 | | | U.S. Treasury Bills | 0.010094 | | | US TREASURY N/B | 0.010010 | | | MORGAN STANLEY CAPITAL INC MSAC 2004 NC8 M1 | 0.009921 | | | STACR 2022-DNA6 M2 | 0.009210 | | | DC Commercial Mortgage Trust, Series 2023-DC, Class A | 0.008805 | | | ONNI Commerical Mortgage Trust, Series 2024-APT, Class A | 0.008628 | | | MULTIFAMILY PERMANENT MBS | 0.008617 | | | FREDDIE MAC STACR STACR 2022 DNA2 M1B 144A | 0.008585 | | | FNCL 6 7/25 | 0.008570 | | | BANK 2023-BNK45 A5 | 0.008569 | | | BLP COMMERCIAL MORTGAGE TRUST 2023-IND SER 2023-IND CL A V/R REGD 144A P/P 5.37219000 | 0.008452 | | | FNCL 5.5 7/25 | 0.008432 | | | Citigroup Commercial Mortgage Trust, Series 2015-P1, Class C | 0.008253 | | | Freddie Mac Multifamily Structured Pass Through Certificates | 0.008228 | | | FNCL 4.5 7/25 | 0.008067 | | | Wells Fargo Commercial Mortgage Trust, Series 2017-C38, Class A4 | 0.008058 | | | Ginnie Mae II Pool | 0.008019 | | | FN FM7382 | 0.007970 | | | UMBS | 0.007841 | | | G2SF 3.5 7/23 | 0.007667 | | | FNCL 3.5 7/25 | 0.007593 | | | BANK OF AMER CRP | 0.007590 | | | GNMA II POOL 786795 G2 07/53 FIXED 6 | 0.007489 | | | PFP Ltd., Series 2024-11, Class A | 0.007456 | | | Government National Mortgage Association | 0.007328 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.007165 | | | Government National Mortgage Association Series 2022-63, Class LM | 0.007034 | | | FNCL 2.5 7/25 | 0.006993 | | | Ginnie Mae II Pool | 0.006966 | | | U.S. Treasury Inflation-Protected Indexed Notes | 0.006905 | | | MSBAM 16-C30 A4 2.6% 09-15-49/08-17-26 | 0.006879 | | | FANNIE MAE POOL FN FS5155 | 0.006834 | | | US TREASURY N/B | 0.006810 | | | MF1 MULTIFAMILY HOUSING MORTGA MF1 2022 FL10 A 144A | 0.006723 | | | FNCL 2 7/25 | 0.006677 | | | Freddie Mac Pool | 0.006595 | | ## VictoryShares WestEnd Economic Cycle Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.079305 | | | US TREASURY N/B | 0.065913 | | | US TREASURY N/B | 0.056883 | | | US TREASURY N/B | 0.055567 | | | US TREASURY N/B | 0.051975 | | | US TREASURY N/B | 0.051939 | | | US TREASURY N/B | 0.046754 | | | US TREASURY N/B | 0.035895 | | | US TREASURY N/B | 0.035395 | | | US TREASURY N/B | 0.034973 | | | US TREASURY N/B | 0.034956 | | | US TREASURY N/B | 0.031301 | | | US TREASURY N/B | 0.018915 | | | US TREASURY N/B | 0.016196 | | | US TREASURY N/B | 0.004839 | | | MORGAN STANLEY | 0.004040 | ✓ | | US TREASURY N/B | 0.003580 | | | BANK OF AMER CRP | 0.003424 | | | ORACLE CORP | 0.002883 | | | JPMORGAN CHASE | 0.002795 | | | COMCAST CORP | 0.002728 | | | CITIZENS FIN GRP | 0.002561 | | | BANK OF AMER CRP | 0.002369 | | | MORGAN STANLEY | 0.002342 | | | AMGEN INC | 0.002315 | | | AMEREN CORPORATION | 0.002231 | | | BANK OF AMER CRP | 0.002152 | | | JPMORGAN CHASE | 0.002103 | | | MORGAN STANLEY | 0.002088 | | | T-MOBILE USA INC | 0.002082 | ✓ | | ENTERGY CORP | 0.002037 | | | MARS INC | 0.002035 | | | TRUIST FINANCIAL | 0.001979 | | | LLOYDS BK GR PLC | 0.001925 | | | DELL INT / EMC | 0.001916 | | | EXELON CORP | 0.001884 | | | HUNTINGTON NATL BK COLUMBUS OH 5.65% 01/10/2030 | 0.001871 | | | HSBC HOLDINGS | 0.001818 | | | HSBC HOLDINGS | 0.001816 | | | VOLKSWAGEN GRP. OF 4.85% | 0.001802 | | | US BANCORP | 0.001773 | | | BOEING CO/THE | 0.001741 | | | GOLDMAN SACHS GP | 0.001721 | | | RYDER SYSTEM INC | 0.001705 | | | AERCAP IRELAND | 0.001680 | | | VERIZON COMM INC | 0.001643 | | | BANK OF AMER CRP | 0.001572 | ✓ | | MERRILL LYNCH | 0.001558 | | | MICRON TECH | 0.001553 | | | DUKE ENERGY CAR | 0.001470 | | ## Sources - N-PORT (fund A) — accession `0001752724-25-202250` (as of 2025-06-30) - N-PORT (fund B) — accession `0001004726-26-001312` (as of 2025-12-31) --- _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. 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