EMIF vs BRAZ overlap

EMIF and BRAZ overlap 7.9% by weight, across 2 shared holdings.

EMIFBRAZ

Pick 2 to 4 ETFs.

7.9%

overlap by weight, across 2 shared holdings

EMIF9.4% of the fund is in shared holdings, of 30

BRAZ8.1% of the fund is in shared holdings, of 28

Top shared holdings

Holding	EMIF	BRAZ	Overlap
AXIA Energia-ADRAXIA	6.01%	4.53%	4.53%
Copel-ADRELPC	3.36%	3.59%	3.36%

Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: EMIF, SEC Form N-PORT, June 30, 2026; BRAZ, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 15 holding any

EMIF71.2% of its 13F dollars, 41.7% of its 12 holders

BRAZ21.4% of its 13F dollars, 62.5% of its 8 holders

Largest institutions holding both

Firm	EMIF	BRAZ
Old Mission Capital LLC	$3.1M	$541K
Jane Street Group, LLC	$213K	$358K
Osaic Holdings, Inc.	$151K	$9K
UBS Group AG	$1K	$111K
Morgan Stanley	$16K	$2K

This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.

Who owns them: EMIF institutional holders, BRAZ institutional holders.

Frequently asked questions

How much do EMIF and BRAZ overlap?

7.9% by weight, with 2 holdings in common, using holdings for EMIF as of June 30, 2026 and BRAZ as of May 31, 2026. The largest shared position is AXIA.

Do institutions hold both EMIF and BRAZ?

5 Form 13F filers report positions in both, out of 15 that report either one.

How is overlap by weight worked out?

For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.