FTSL vs FBND: Holdings Overlap
FTSLFirst Trust Senior Loan Fund
First Trust · 282 holdings · $2.3B · as of 2026-04-30
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (FTSL: 2026-04-30, FBND: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are FTSL and FBND?
First Trust Senior Loan Fund (FTSL, by First Trust) holds 282 positions; Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503. They have 56 holdings in common, and by portfolio weight the two funds are 0.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 56FTSL holds 282 · FBND holds 4503
- Weight in Shared Holdings
- FTSL 16%·FBND 1%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 FTSL
226 of 282 positions (79.9% of the fund) are not held by FBND. Showing the top 30 by weight.
- WHATABRANDS LLC 08/03/282.04%
- ATHENAHEALTH GR 02/14/291.80%
- IRB Holding Corp., Term Loan B1.59%
- WHITE CAP BUYER 10/19/291.30%
- TRANSDIGM INC T 03/22/301.24%
- TAMKO BUILDING 09/20/301.24%
Only in FBND
4447 of 4503 positions (104.8% of the fund) are not held by FTSL. Showing the top 30 by weight.
- U.S. Treasury Notes2.34%
- U.S. Treasury Notes2.21%
- U.S. Treasury Notes2.17%
- U.S. Treasury Notes1.81%
- U.S. Treasury Bonds1.53%
- U.S. Treasury Notes1.49%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FTSL | +0.8% | +1.5% | +4.0% | +6.8% | +5.2% | +4.4% | 6.36% |
| FBND | -0.2% | +0.3% | +2.8% | +4.9% | +0.5% | +2.3% | 4.74% |
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 FTSL vs FBND →
Shared Holdings(56)
The top 10 shared positions account for 49% of the overlap, led by Centene Corp., Ensemble Health Partners, Term Loan B and Oak-Eagle AcquireCo, Inc (Electronic Arts, Inc; EA), Term Loan.
| Centene Corp. | 0.25% | 0.07% | 0.07% |
|---|---|---|---|
| Ensemble Health Partners, Term Loan B | 0.53% | 0.04% | 0.04% |
| Oak-Eagle AcquireCo, Inc (Electronic Arts, Inc; EA), Term Loan | 0.31% | 0.03% | 0.03% |
| Culligan International Term Loan B 275 2028-07-01 | 0.24% | 0.03% | 0.03% |
| PAREXEL International Corp., Term Loan B | 0.79% | 0.02% | 0.02% |
| Primo Brands Corp., Term Loan | 0.79% | 0.02% | 0.02% |
| Cloud Software Group, Inc. | 0.41% | 0.02% | 0.02% |
| GRIFOLS WORLDWIDE OPERATIONS TERM B 1LN 04/14/2033 | 0.08% | 0.02% | 0.02% |
| ELDORADO RESORTS TERM B 1LN 2/6/2030 | 0.32% | 0.02% | 0.02% |
| Alera Group, Inc., Term Loan B | 0.62% | 0.02% | 0.02% |
| Nexstar Broadcasting, Inc., Term Loan | 0.31% | 0.02% | 0.02% |
| Belron Group S.A., Term Loan B | 0.41% | 0.02% | 0.02% |
| QXO Building Products, Inc. | 0.84% | 0.01% | 0.01% |
| Red Rock Resorts (Station Casinos) Term Loan B 225 2031-03-03 | 0.16% | 0.01% | 0.01% |
| Anticimex Term Loan B 300 2031-11-01 | 0.55% | 0.01% | 0.01% |
| Genesee & Wyoming Term Loan B 175 2031-04-01 | 0.09% | 0.01% | 0.01% |
| TRANSDIGM TERM N 1LN 02/13/2033 | 0.10% | 0.01% | 0.01% |
| CONVERGINT TECH TERM B 1LN 07/09/2032 | 0.11% | 0.01% | 0.01% |
| Builders FirstSource, Inc. | 0.25% | 0.01% | 0.01% |
| AZORRA TERM B 1LN 10/18/2029 | 0.19% | 0.01% | 0.01% |
| BroadStreet Partners Term Loan B-4 300 2031-06-01 | 0.24% | 0.01% | 0.01% |
| AmWINS Group, LLC, Term Loan B | 0.22% | 0.01% | 0.01% |
| ALPHA GENERATION TERM B 1LN 09/30/2031 | 0.42% | 0.01% | 0.01% |
| CHARTER NEXT TERM B 1LN 11/29/2030 | 0.63% | 0.01% | 0.01% |
| Jane Street Group / JSG Finance Inc. | 0.12% | 0.01% | 0.01% |
Frequently Asked Questions
How much do FTSL and FBND overlap?
FTSL and FBND overlap by 0.6% of portfolio weight. They share 56 holdings (FTSL holds 282 positions and FBND holds 4503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FTSL and FBND?
The two portfolios are 0.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FTSL and FBND?
The largest positions held by both funds are Centene Corp., Ensemble Health Partners, Term Loan B, Oak-Eagle AcquireCo, Inc (Electronic Arts, Inc; EA), Term Loan, Culligan International Term Loan B 275 2028-07-01 and PAREXEL International Corp., Term Loan B. Together the top 10 shared positions account for 49% of the total overlap.
What does FTSL own that FBND doesn't?
226 positions (79.9% of FTSL) are unique to FTSL, led by WHATABRANDS LLC 08/03/28, ATHENAHEALTH GR 02/14/29 and IRB Holding Corp., Term Loan B. In the other direction, 4447 positions (104.8% of FBND) are unique to FBND.