FDEM vs DNL overlap
FDEM and DNL overlap 17.5% by weight, across 21 shared holdings.
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Top shared holdings
| Holding | FDEM | DNL | Overlap |
|---|---|---|---|
| TSMC2330 | 12.63% | 11.15% | 11.15% |
| Tencent700 | 3.19% | 3.57% | 3.19% |
| Xiaomi Corp.-W1810 | 0.53% | 0.52% | 0.52% |
| Elite Material2383 | 0.46% | 0.45% | 0.45% |
| OTP Bank PLCOTP | 0.56% | 0.34% | 0.34% |
| Accton Tech2345 | 0.33% | 0.37% | 0.33% |
| ASIA Vital3017 | 0.25% | 0.20% | 0.20% |
| Gold Fields Ltd.GFI | 0.17% | 0.29% | 0.17% |
| Wiwynn Corp.6669 | 0.20% | 0.15% | 0.15% |
| Kuaishou-W1024 | 0.27% | 0.14% | 0.14% |
| POP Mart Interna9992 | 0.51% | 0.14% | 0.14% |
| HDFC Asset ManagHDFCAMC | 0.26% | 0.11% | 0.11% |
| King Slide Works2059 | 0.25% | 0.10% | 0.10% |
| ANTA Sports2020 | 0.68% | 0.09% | 0.09% |
| Eicher MotorsEIM | 0.64% | 0.09% | 0.09% |
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: FDEM, SEC Form N-PORT, July 31, 2026; DNL, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | FDEM | DNL |
|---|---|---|
| Morgan Stanley | $30K | $58.4M |
| Commonwealth Equity Services, LLC | $32.7M | $8.0M |
| Ameriprise Financial Inc. | $378K | $22.9M |
| LPL Financial LLC | $466K | $22.3M |
| Raymond James Financial Inc. | $20.1M | $1.8M |
| Royal Bank of Canada | $0 | $19.9M |
| Osaic Holdings, Inc. | $17.1M | $440K |
| Kestra Advisory Services, LLC | $8.3M | $4.3M |
| Cambridge Investment Research Advisors, Inc. | $6.8M | $5.3M |
| JPMorgan Chase & Co | $2.1M | $9.4M |
| Envestnet Asset Management Inc. | $9.5M | $711K |
| Northwestern Mutual Wealth Management Co | $3.0M | $7.2M |
| Wells Fargo & Company | $7 | $10.2M |
| Cetera Investment Advisers | $6.0M | $3.6M |
| Principal Securities, Inc. | $4.8M | $398K |
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: FDEM institutional holders, DNL institutional holders.
Frequently asked questions
How much do FDEM and DNL overlap?
17.5% by weight, with 21 holdings in common, using holdings for FDEM as of July 31, 2026 and DNL as of June 30, 2026. The largest shared position is 2330.
Do institutions hold both FDEM and DNL?
28 Form 13F filers report positions in both, out of 157 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%.