# Portfolio overlap — WBND vs S000031914 Comparing **Western Asset Total Return ETF** (2025-06-30) and **Pioneer Active Credit Fund** (2025-05-30). - Shared positions: 3 - Western Asset Total Return ETF covered by Pioneer Active Credit Fund: 0.01524488850673268187606464362 - Pioneer Active Credit Fund covered by Western Asset Total Return ETF: 0.01524488850673268187606464362 ## 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 | | ## Pioneer Active Credit Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Uniform Mortgage-Backed Security, TBA | 0.037786 | | | FNCL 3 6/24 | 0.021649 | | | FNCL 6 6/24 | 0.020557 | | | FNCL 5 6/24 | 0.019704 | | | GNMA II, Single Family, 30 Year | 0.018188 | | | Uniform Mortgage-Backed Security, TBA | 0.018066 | | | Government National Mortgage Association, TBA | 0.017983 | | | DREY-GVT CSH-I | 0.015494 | | | FNCL 5 7/25 | 0.014768 | | | FNCL 3.5 7/25 | 0.013530 | ✓ | | Hyundai Capital America | 0.013128 | | | MIZUHO FINANCIAL GROUP SR UNSECURED 05/36 VAR | 0.012975 | | | CITIGROUP INC | 0.012927 | | | Dai-ichi Life Insurance Co., Ltd. (The) | 0.012882 | | | United Mexican States | 0.012215 | | | GEN MOTORS FIN | 0.011046 | | | FNCL 6.5 6/24 | 0.010451 | | | Total Play Telecomunicaciones SA de CV | 0.010389 | | | BX COMMERCIAL MORTGAGE TRUST 2 BX 2024 SLCT E 144A | 0.009690 | | | CRVNA 2024-P4 D | 0.009462 | | | FORD MOTOR CRED | 0.009394 | | | Uniform Mortgage-Backed Security, TBA | 0.009021 | | | Avolon Holdings Funding Ltd. | 0.008875 | | | VERUS SECURITIZATION TRUST VERUS 2023 8 B1 144A | 0.008472 | | | MYLIFE V6.1 06/11/55 144A | 0.008372 | | | AREIT Ltd., Series 2025-CRE10, Class A | 0.008289 | | | Grupo Aeromexico SAB de CV | 0.008023 | | | Acuris Finance US Inc / Acuris Finance SARL | 0.007909 | | | APA CORP | 0.007806 | | | FNCL 5.5 7/25 | 0.007550 | ✓ | | MERCEDES BENZ FINANCE NORTH AMERICA LLC | 0.007491 | | | HSBC HOLDINGS PLC JR SUBORDINA 12/99 VAR | 0.007211 | | | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2019-2 | 0.006874 | | | NSANY 2.75 03/09/28 144A | 0.006756 | | | Freddie Mac STACR Trust 2019-FTR3 | 0.006605 | | | LIGHTNING RE SERIES 2023 1 | 0.006513 | | | FNMA Connecticut Avenue Securities Trust, Series 2022-R09, Class 2B1 | 0.006470 | | | STANDARD CHARTERED PLC 6.228%/VAR 01/21/2036 144A | 0.006463 | | | MERNA REINSURANCE II LTD UNSECURED 144A 07/29 VAR | 0.006381 | | | Fuchsia - London Bridge 2 PCC Ltd., Series A | 0.006369 | | | Catahoula II Re Pte Ltd | 0.006362 | | | Herbie Re Ltd., Series A | 0.006360 | | | Black Kite Re Ltd | 0.006356 | | | Alamo Re Ltd | 0.006356 | | | Bonanza RE Ltd., Series C | 0.006346 | | | Bridge STR RE Ltd. | 0.006323 | | | Four Lakes Re Ltd., Series A | 0.006314 | | | T-MOBILE USA INC EUR SR UNSEC 3.5% 02-11-37 | 0.006139 | | | FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST SE SCRT 2019-1 M | 0.006138 | | | Morgan Stanley Residential Mortgage Loan Trust, Series 2023-NQM1, Class B2 | 0.005954 | | ## Sources - N-PORT (fund A) — accession `0001752724-25-202250` (as of 2025-06-30) - N-PORT (fund B) — accession `0001752724-25-182423` (as of 2025-05-30) --- _Informational only — not investment advice. 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