JAAA vs FBND: Holdings Overlap
JAAAJanus Henderson AAA CLO ETF
Janus Henderson · 600 holdings · $29.2B · as of 2026-04-30
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (JAAA: 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 JAAA and FBND?
Janus Henderson AAA CLO ETF (JAAA, by Janus Henderson) holds 600 positions; Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503. They have 18 holdings in common, and by portfolio weight the two funds are 0.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18JAAA holds 600 · FBND holds 4503
- Weight in Shared Holdings
- JAAA 2%·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 JAAA
582 of 600 positions (94.3% of the fund) are not held by FBND. Showing the top 30 by weight.
- KKR CLO 35 Ltd., Series 35A, Class AR0.93%
- AB BSL CLO 1 Ltd., Series 2020-1A, Class A1R20.85%
- Anchorage Capital CLO 16 Ltd., Series 2020-16A, Class A1R20.79%
- Anchorage Capital CLO 17 Ltd., Series 2021-17A, Class A1R0.77%
- Carlyle US CLO Ltd., Series 2021-8A, Class A1R0.68%
- Regatta XIX Funding Ltd., Series 2022-1A, Class A1R0.65%
Only in FBND
4485 of 4503 positions (104.5% of the fund) are not held by JAAA. 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 |
|---|---|---|---|---|---|---|---|
| JAAA | +0.4% | +2.7% | +4.9% | +6.0% | +4.8% | — | 4.92% |
| 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 JAAA vs FBND →
Shared Holdings(18)
The top 10 shared positions account for 84% of the overlap, led by Magnetite XXVI Ltd., Series 2020-26A, Class AR2, Peace Park CLO Ltd., Series 2021-1A, Class AR and OHA Credit Funding 16-R Ltd., Series 2023-16RA, Class A1.
| Magnetite XXVI Ltd., Series 2020-26A, Class AR2 | 0.19% | 0.22% | 0.19% |
|---|---|---|---|
| Peace Park CLO Ltd., Series 2021-1A, Class AR | 0.19% | 0.10% | 0.10% |
| OHA Credit Funding 16-R Ltd., Series 2023-16RA, Class A1 | 0.08% | 0.08% | 0.08% |
| RR 27 Ltd., Series 2023-27A, Class A1AR | 0.06% | 0.12% | 0.06% |
| Bain Capital Credit CLO Ltd., Series 2023-4A, Class A1R | 0.11% | 0.06% | 0.06% |
| RR 24 Ltd., Series 2022-24A, Class A1A2 | 0.07% | 0.05% | 0.05% |
| Cedar Funding XII CLO Ltd., Series 2020-12A, Class ARR | 0.09% | 0.05% | 0.05% |
| Sixth Street CLO XVIII Ltd., Series 2021-18A, Class A1R | 0.07% | 0.04% | 0.04% |
| Benefit Street Partners CLO 43 Ltd., Series 2025-43A, Class A | 0.04% | 0.05% | 0.04% |
| Allegro CLO XII Ltd., Series 2020-1A, Class A1R | 0.10% | 0.04% | 0.04% |
| Carlyle US CLO Ltd., Series 2021-10A, Class A1R | 0.65% | 0.03% | 0.03% |
| Magnetite Xli Ltd., Series 2024-41A, Class A | 0.14% | 0.03% | 0.03% |
| AIMCO CLO 17 Ltd., Series 2022-17A, Class A1R | 0.05% | 0.02% | 0.02% |
| OHA Credit Partners XVII Ltd., Series 2024-17A, Class A | 0.06% | 0.01% | 0.01% |
| AIMCO CLO 10 Ltd., Series 2019-10A, Class ARR | 0.04% | 0.01% | 0.01% |
| Voya CLO Ltd., Series 2020-2A, Class A1RR | 0.12% | 0.01% | 0.01% |
| Aimco CLO 14 Ltd., Series 2021-14A, Class A1R | 0.15% | 0.01% | 0.01% |
| Ares LV CLO Ltd., Series 2020-55A, Class A1R2 | 0.15% | 0.00% | 0.00% |
Frequently Asked Questions
How much do JAAA and FBND overlap?
JAAA and FBND overlap by 0.8% of portfolio weight. They share 18 holdings (JAAA holds 600 positions and FBND holds 4503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JAAA and FBND?
The two portfolios are 0.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of JAAA and FBND?
The largest positions held by both funds are Magnetite XXVI Ltd., Series 2020-26A, Class AR2, Peace Park CLO Ltd., Series 2021-1A, Class AR, OHA Credit Funding 16-R Ltd., Series 2023-16RA, Class A1, RR 27 Ltd., Series 2023-27A, Class A1AR and Bain Capital Credit CLO Ltd., Series 2023-4A, Class A1R. Together the top 10 shared positions account for 84% of the total overlap.
What does JAAA own that FBND doesn't?
582 positions (94.3% of JAAA) are unique to JAAA, led by KKR CLO 35 Ltd., Series 35A, Class AR, AB BSL CLO 1 Ltd., Series 2020-1A, Class A1R2 and Anchorage Capital CLO 16 Ltd., Series 2020-16A, Class A1R2. In the other direction, 4485 positions (104.5% of FBND) are unique to FBND.