LMBS vs FTSM: Holdings Overlap
LMBSFirst Trust Low Duration Opportunities ETF
First Trust · 1146 holdings · $6.4B · as of 2026-04-30
FTSMFirst Trust Enhanced Short Maturity ETF
First Trust · 622 holdings · $6.5B · as of 2026-04-30
How similar are LMBS and FTSM?
First Trust Low Duration Opportunities ETF (LMBS, by First Trust) holds 1146 positions; First Trust Enhanced Short Maturity ETF (FTSM, by First Trust) holds 622. They have 16 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
- 16LMBS holds 1146 · FTSM holds 622
- Weight in Shared Holdings
- LMBS 1%·FTSM 2%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 LMBS
1130 of 1146 positions (105.5% of the fund) are not held by FTSM. Showing the top 30 by weight.
- FR SL25331.72%
- FNMA/FHLMC UMBS, Single Family, 30 Year1.54%
- FNMA-30YR1.33%
- B 0 05/12/261.22%
- FN FM30031.05%
- B 0 05/07/260.97%
Only in FTSM
606 of 622 positions (84.0% of the fund) are not held by LMBS. Showing the top 30 by weight.
- U.S. Treasury Notes0.98%
- Huntington National Bank (The)0.55%
- T-Mobile USA, Inc.0.54%
- Haleon US Capital LLC0.54%
- PRA Health Sciences Inc0.53%
- Kinder Morgan, Inc.0.52%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| LMBS | +0.4% | +1.7% | +4.5% | +5.8% | +3.2% | +2.6% | 4.11% |
| FTSM | +0.4% | +2.1% | +4.0% | +4.8% | +3.6% | +2.6% | 4.12% |
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 LMBS vs FTSM →
Shared Holdings(16)
The top 10 shared positions account for 78% of the overlap, led by Research-Driven Pagaya Motor Trust, Series 2025-5A, Class A3, Research-Driven Pagaya Motor Asset Trust, Series 2026-R1A, Class A and CAS 2025-R02 1A1.
| Research-Driven Pagaya Motor Trust, Series 2025-5A, Class A3 | 0.13% | 0.10% | 0.10% |
|---|---|---|---|
| Research-Driven Pagaya Motor Asset Trust, Series 2026-R1A, Class A | 0.09% | 0.23% | 0.09% |
| CAS 2025-R02 1A1 | 0.08% | 0.22% | 0.08% |
| CAS 2024-R05 2A1 | 0.07% | 0.30% | 0.07% |
| FIGRE 2026-FL1 A1FC | 0.06% | 0.20% | 0.06% |
| RPM 2025-1A A | 0.05% | 0.15% | 0.05% |
| CAS 2024-R04 1A1 | 0.07% | 0.05% | 0.05% |
| PFSFC 2025-C A | 0.04% | 0.16% | 0.04% |
| STACR 2025-HQA1 A1 | 0.04% | 0.17% | 0.04% |
| PAID 2024-10 A | 0.04% | 0.05% | 0.04% |
| PRKCM 2025-HOME1 A1A | 0.04% | 0.12% | 0.04% |
| PAID 2024-11 A | 0.05% | 0.04% | 0.04% |
| CAFL 2021-1 A | 0.03% | 0.04% | 0.03% |
| Fannie Mae-Aces | 0.12% | 0.03% | 0.03% |
| STACR 2025-DNA1 A1 | 0.02% | 0.17% | 0.02% |
| HILT 2016-HHV A | 0.07% | 0.02% | 0.02% |
Frequently Asked Questions
How much do LMBS and FTSM overlap?
LMBS and FTSM overlap by 0.8% of portfolio weight. They share 16 holdings (LMBS holds 1146 positions and FTSM holds 622), based on each fund's latest SEC-reported holdings.
Is it redundant to own both LMBS and FTSM?
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 LMBS and FTSM?
The largest positions held by both funds are Research-Driven Pagaya Motor Trust, Series 2025-5A, Class A3, Research-Driven Pagaya Motor Asset Trust, Series 2026-R1A, Class A, CAS 2025-R02 1A1, CAS 2024-R05 2A1 and FIGRE 2026-FL1 A1FC. Together the top 10 shared positions account for 78% of the total overlap.
What does LMBS own that FTSM doesn't?
1130 positions (105.5% of LMBS) are unique to LMBS, led by FR SL2533, FNMA/FHLMC UMBS, Single Family, 30 Year and FNMA-30YR. In the other direction, 606 positions (84.0% of FTSM) are unique to FTSM.