LMBS vs VNLA: Holdings Overlap
LMBSFirst Trust Low Duration Opportunities ETF
First Trust · 1146 holdings · $6.4B · as of 2026-04-30
VNLAJanus Henderson Short Duration Income ETF
Janus Henderson · 314 holdings · $3.4B · as of 2026-04-30
How similar are LMBS and VNLA?
First Trust Low Duration Opportunities ETF (LMBS, by First Trust) holds 1146 positions; Janus Henderson Short Duration Income ETF (VNLA, by Janus Henderson) holds 314. They have 4 holdings in common, and by portfolio weight the two funds are 0.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4LMBS holds 1146 · VNLA holds 314
- Weight in Shared Holdings
- LMBS 0%·VNLA 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 LMBS
1142 of 1146 positions (106.2% of the fund) are not held by VNLA. 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 VNLA
310 of 314 positions (88.8% of the fund) are not held by LMBS. Showing the top 30 by weight.
- Morgan Stanley Bank NA1.36%
- Oracle Corp.1.02%
- Bank Australia Ltd.0.86%
- Atlas Warehouse Lending Co. LP0.81%
- Molex Electronic Technologies LLC0.79%
- Goldman Sachs Group, Inc. (The)0.78%
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% |
| VNLA | +0.4% | +2.2% | +4.4% | +5.5% | +3.9% | — | 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 LMBS vs VNLA →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A, Connecticut Avenue Securities Trust, Series 2022-R02, Class 2M2 and BX Commercial Mortgage Trust, Series 2026-CSMO, Class A.
| NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A | 0.09% | 0.33% | 0.09% |
|---|---|---|---|
| Connecticut Avenue Securities Trust, Series 2022-R02, Class 2M2 | 0.08% | 0.25% | 0.08% |
| BX Commercial Mortgage Trust, Series 2026-CSMO, Class A | 0.06% | 0.34% | 0.06% |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1 | 0.02% | 0.14% | 0.02% |
Frequently Asked Questions
How much do LMBS and VNLA overlap?
LMBS and VNLA overlap by 0.2% of portfolio weight. They share 4 holdings (LMBS holds 1146 positions and VNLA holds 314), based on each fund's latest SEC-reported holdings.
Is it redundant to own both LMBS and VNLA?
The two portfolios are 0.2% 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 VNLA?
The largest positions held by both funds are NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A, Connecticut Avenue Securities Trust, Series 2022-R02, Class 2M2, BX Commercial Mortgage Trust, Series 2026-CSMO, Class A and Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1. Together the top 4 shared positions account for 100% of the total overlap.
What does LMBS own that VNLA doesn't?
1142 positions (106.2% of LMBS) are unique to LMBS, led by FR SL2533, FNMA/FHLMC UMBS, Single Family, 30 Year and FNMA-30YR. In the other direction, 310 positions (88.8% of VNLA) are unique to VNLA.