# Portfolio overlap — WBND vs EMBAX Comparing **Western Asset Total Return ETF** (2025-06-30) and **VanEck Emerging Markets Bond Fund** (2025-09-30). - Shared positions: 2 - Western Asset Total Return ETF covered by VanEck Emerging Markets Bond Fund: 0.01617575540463985511870591427 - VanEck Emerging Markets Bond Fund covered by Western Asset Total Return ETF: 0.01617575540463985511870591427 ## 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 | | ## VanEck Emerging Markets Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Invesco Treasury Portfolio, Institutional Class | 0.060552 | | | Urzad Rady Ministrow | 0.031014 | | | SOUTH AFRICA REPUBLIC OF 8.75% 02/28/2048 | 0.028396 | | | South Africa, Parliament of | 0.027812 | | | SAUDI INTERNATIONAL BOND /EUR/ REGD 144A P/P 3.37500000 | 0.027099 | | | MEXICAN BONOS MXN 8.0% 11-07-47 | 0.026286 | | | MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 | 0.023615 | | | TESORERIA PESOS | 0.021968 | | | REPUBLIC OF PHILIPPINES SR UNSECURED 01/36 6.25 | 0.021481 | | | Urzad Rady Ministrow | 0.021098 | | | MALAYSIA GOVT OF 3.828% 07/05/2034 | 0.021042 | | | Republic of Indonesia | 0.021004 | | | Congolese International Bond | 0.019315 | | | MALAYSIA GOVT | 0.019224 | | | Romanian Government International Bond | 0.018566 | | | Presidencia da Republica | 0.018521 | | | THAILAND GOVT | 0.017231 | | | Presidencia da Republica | 0.016497 | ✓ | | China Government Bond | 0.016460 | | | TITULOS DE TESORERIA 11.500000% 07/25/2046 | 0.015625 | | | Urad Vlady Ceske Republiky | 0.014800 | | | TURKIYE REP OF | 0.013880 | | | THAILAND GOVT | 0.013364 | | | Hungary Government Bond | 0.013223 | | | United Arab Emirates Government Bond | 0.012843 | | | Republic of Uganda Government Bonds | 0.012284 | | | MEXICO UNITED MEXICAN STATES 8% 07/31/2053 | 0.011888 | | | Presidencia de la Republica de Chile | 0.011744 | | | REPUBLIC OF ECUADOR ZERO COUPON 07/31/2030 | 0.011289 | | | CZECH REPUBLIC GOVERNMENT BOND CZK 4.9% 04-14-34 | 0.011241 | | | Ecopetrol SA | 0.010984 | | | REPUBLIC OF ECUADOR 6.900000% 07/31/2035 | 0.010961 | | | KOREA TRSY BD | 0.010745 | | | Egypt Government International Bonds | 0.009980 | | | REPUBLIC OF ARGENTINA SR UNSECURED 07/29 1 | 0.009907 | ✓ | | Republic of Cote d'Ivoire | 0.009757 | | | REPUBLIC OF GABO | 0.009694 | | | Frigorifico Concepcion SA | 0.009635 | | | Tunisian Republic | 0.009440 | | | THAILAND KINGDOM OF 1.585% 12/17/2035 | 0.009279 | | | Plurinational State of Bolivia | 0.009160 | | | REPUBLIC OF GABON 7.000000% 11/24/2031 | 0.009106 | | | SEPLAT Energy PLC | 0.008685 | | | Siam Commercial Bank PCL/Cayman Islands | 0.008673 | | | KOREA TRSY BD | 0.007904 | | | NWD Finance BVI Ltd | 0.007635 | | | Petroleos del Peru SA | 0.007543 | | | GEOPARK LTD REG S SR UNSEC 8.75% 01-31-30 | 0.007366 | | | Republic of Uganda Government Bonds | 0.007098 | | | Petroleos del Peru SA | 0.007086 | | ## Sources - N-PORT (fund A) — accession `0001752724-25-202250` (as of 2025-06-30) - N-PORT (fund B) — accession `0001410368-25-028343` (as of 2025-09-30) --- _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 _