BKLN vs UCON: Holdings Overlap
Invesco · 165 holdings · $6.7B · as of 2026-05-31
UCONFirst Trust Smith Unconstrained Bond ETF
First Trust · 504 holdings · $3.3B · as of 2026-05-31
How similar are BKLN and UCON?
Invesco Senior Loan ETF (BKLN, by Invesco) holds 165 positions; First Trust Smith Unconstrained Bond ETF (UCON, by First Trust) holds 504. They have 13 holdings in common, and by portfolio weight the two funds are 1.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13BKLN holds 165 · UCON holds 504
- Weight in Shared Holdings
- BKLN 3%·UCON 3%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in BKLN
152 of 165 positions (92.8% of the fund) are not held by UCON. Showing the top 30 by weight.
- Hologic, Inc., Term Loan B1.86%
- Ultimate Software Group, Inc., First Lien Term Loan1.68%
- athenahealth Group, Inc., Term Loan1.60%
- Sedgwick Claims Management Services, Inc., Term Loan1.54%
- Dayforce, Inc., Term Loan B1.46%
- AI Aqua Merger Sub, Inc., Term Loan B1.43%
Only in UCON
491 of 504 positions (95.9% of the fund) are not held by BKLN. Showing the top 30 by weight.
- U.S. Treasury Notes/Bonds2.33%
- U.S. Treasury Bonds2.13%
- U.S. Treasury Bonds2.12%
- U.S. Treasury Notes1.69%
- U.S. Treasury Notes1.18%
- U.S. Treasury Notes/Bonds1.04%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BKLN | +0.9% | +1.2% | +4.3% | +7.1% | +5.5% | +4.2% | 6.50% |
| UCON | -0.1% | +0.7% | +3.7% | +5.5% | +2.7% | — | 4.72% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in BKLN vs UCON →
Shared Holdings(13)
The top 10 shared positions account for 98% of the overlap, led by TransDigm Term Loan J 250 2031-02-01, Caesars Entertainment Inc Term Loan B-1 225 2031-02-01 and ABG Intermediate Holdings 2 LLC, Term Loan B.
| TransDigm Term Loan J 250 2031-02-01 | 0.44% | 0.47% | 0.44% |
|---|---|---|---|
| Caesars Entertainment Inc Term Loan B-1 225 2031-02-01 | 0.72% | 0.24% | 0.24% |
| ABG Intermediate Holdings 2 LLC, Term Loan B | 1.05% | 0.23% | 0.23% |
| Jane Street Group / JSG Finance Inc. | 0.22% | 0.67% | 0.22% |
| 1011778 BC ULC / New Red Finance Inc. | 0.21% | 0.13% | 0.13% |
| TransDigm, Inc. | 0.11% | 0.25% | 0.11% |
| Medline Borrower LP/Medline Co-Issuer Inc. | 0.09% | 0.16% | 0.09% |
| Oak-Eagle AcquireCo, Inc (Electronic Arts, Inc; EA), Term Loan | 0.31% | 0.06% | 0.06% |
| Jane Street Group / JSG Finance Inc. | 0.10% | 0.06% | 0.06% |
| Jane Street Group / JSG Finance Inc. | 0.04% | 0.24% | 0.04% |
| TransDigm, Inc. | 0.07% | 0.02% | 0.02% |
| Quikrete Holdings, Inc. | 0.01% | 0.03% | 0.01% |
| Jane Street Group / JSG Finance Inc. | 0.01% | 0.21% | 0.01% |
Frequently Asked Questions
How much do BKLN and UCON overlap?
BKLN and UCON overlap by 1.6% of portfolio weight. They share 13 holdings (BKLN holds 165 positions and UCON holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BKLN and UCON?
The two portfolios are 1.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of BKLN and UCON?
The largest positions held by both funds are TransDigm Term Loan J 250 2031-02-01, Caesars Entertainment Inc Term Loan B-1 225 2031-02-01, ABG Intermediate Holdings 2 LLC, Term Loan B, Jane Street Group / JSG Finance Inc. and 1011778 BC ULC / New Red Finance Inc.. Together the top 10 shared positions account for 98% of the total overlap.
What does BKLN own that UCON doesn't?
152 positions (92.8% of BKLN) are unique to BKLN, led by Hologic, Inc., Term Loan B, Ultimate Software Group, Inc., First Lien Term Loan and athenahealth Group, Inc., Term Loan. In the other direction, 491 positions (95.9% of UCON) are unique to UCON.