# Portfolio overlap — WBND vs S000034688 Comparing **Western Asset Total Return ETF** (2025-06-30) and **JNL/Western Asset Global Multi-Sector Bond Fund** (2025-03-31). - Shared positions: 10 - Western Asset Total Return ETF covered by JNL/Western Asset Global Multi-Sector Bond Fund: 0.02468160682342985254405375004 - JNL/Western Asset Global Multi-Sector Bond Fund covered by Western Asset Total Return ETF: 0.02468160682342985254405375004 ## 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 | | ## JNL/Western Asset Global Multi-Sector Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | JNL Government Money Market Fund | 0.081411 | | | US TREASURY N/B | 0.064388 | | | GERMANY FEDERAL REPUBLIC OF 2.2% 02/15/2034 REGS | 0.054594 | | | US TREASURY N/B | 0.032853 | | | US TREASURY N/B | 0.022952 | | | MEXICO UNITED MEXICAN STATES 7.5% 06/03/2027 | 0.022490 | | | US TREASURY N/B | 0.021366 | | | Urzad Rady Ministrow | 0.021278 | | | US TREASURY N/B | 0.015502 | | | US TREASURY N/B | 0.015305 | | | US TREASURY N/B | 0.013624 | | | SOUTH AFRICA REPUBLIC OF 6.5% 02/28/2041 | 0.012516 | | | RRC 4.75 02/15/30 144A | 0.011120 | | | INTL BK RECON/DEV SR UNSEC 6.75% 07-13-29 | 0.011048 | | | US TREASURY N/B | 0.010754 | | | US TREASURY N/B | 0.010613 | | | EUROPEAN BK RECON & DEV 6.3% 10-26-27 | 0.010544 | | | JNL Government Money Market Fund - Class SL | 0.010511 | | | URI 3.75 01/15/32 | 0.010342 | | | American Airlines Inc/AAdvantage Loyalty IP Ltd | 0.010336 | | | SOUTH AFRICA REPUBLIC OF 5.75% 09/30/2049 | 0.008630 | | | WHITBREAD GROUP PLC 2.375% 05/31/2027 REGS | 0.008302 | | | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX 5.13 01/18/2033 | 0.008257 | | | BNP Paribas SA | 0.007988 | | | Credit Agricole SA | 0.007939 | | | Presidencia da Republica | 0.007609 | ✓ | | AT&T, Inc. | 0.007557 | | | SASOL FING USA LLC 5.5% 03/18/2031 | 0.007539 | | | DISH DBS CORP SR SECURED 144A 12/28 5.75 | 0.007442 | | | Republic of Indonesia, The Government of, The | 0.007338 | | | Sedgwick CMS Term Loan B 250 2031-07-01 | 0.007105 | | | United Airlines Pass Through Certificates, Series 2015-1 | 0.007042 | ✓ | | CONTINENTAL RESO | 0.006714 | | | BANK OF AMER CRP | 0.006496 | | | MILLICOM INTL CELLULAR SR UNSECURED 144A 01/28 5.125 | 0.006464 | | | WILLIAMS COS INC | 0.006311 | | | Gatwick Airport Finance PLC | 0.006295 | | | TEVA PHARM. FIN. NE 3.15% | 0.006224 | | | CELLNEX FINANCE CO SA 2% 02/15/2033 REGS | 0.006051 | | | MERCADOLIBRE INC SR UNSEC 3.125% 01-14-31 | 0.005868 | | | US TREASURY N/B | 0.005759 | | | B3 SA - BRASIL BOLSA BALCAO 144A 4.125000% 09/20/2031 | 0.005741 | | | Allianz SE | 0.005599 | | | Telecom Italia SpA/Milano | 0.005444 | | | VOC ESCROW LTD SR SECURED 144A 02/28 5 | 0.005290 | ✓ | | STATE OF ISRAEL | 0.005254 | | | EXPAND ENRGY | 0.005227 | ✓ | | PRXNA 3.832 02/08/51 144A | 0.005191 | | | ZIGGO 5 01/15/32 144a | 0.005069 | | | PROVINCIA DE BUENOS AIRES/GOVERNMENT BONDS MTN 6.625000% 09/01/2037 | 0.004927 | | ## Sources - N-PORT (fund A) — accession `0001752724-25-202250` (as of 2025-06-30) - N-PORT (fund B) — accession `0001145549-25-036245` (as of 2025-03-31) --- _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. Information may be used only for personal, non-commercial research and may not be redistributed. See _