FID vs AVSE overlap

FID and AVSE overlap 1.5% by weight, across 11 shared holdings.

FIDAVSE

Pick 2 to 4 ETFs.

1.5%

overlap by weight, across 11 shared holdings

FID16.3% of the fund is in shared holdings, of 73

AVSE1.5% of the fund is in shared holdings, of 2,358

Top shared holdings

Holding	FID	AVSE	Overlap
PING an2318	0.90%	0.52%	0.52%
CM Bank-H3968	1.11%	0.28%	0.28%
Lenovo Group992	3.07%	0.22%	0.22%
EtisalatEAND	1.25%	0.12%	0.12%
Bosideng Intl3998	1.64%	0.11%	0.11%
Vanguard Intl5347	1.97%	0.08%	0.08%
LG Uplus Corp.032640	1.05%	0.07%	0.07%
Intl Games3293	1.22%	0.06%	0.06%
Saudi Telecom CoSTC	1.39%	0.04%	0.04%
Coca-Cola FemsaKOFUBL	1.23%	0.02%	0.02%
Jiangsu Expres-H177	1.44%	0.01%	0.01%

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: FID, SEC Form N-PORT, June 30, 2026; AVSE, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 134 holding any

FID33.5% of its 13F dollars, 12.3% of its 73 holders

AVSE10.7% of its 13F dollars, 12.9% of its 70 holders

Largest institutions holding both

Firm	FID	AVSE
LPL Financial LLC	$24.1M	$1.6M
Raymond James Financial Inc.	$5.8M	$1.6M
Envestnet Asset Management Inc.	$5.5M	$618K
Susquehanna International Group, LLP	$1.6M	$3.3M
Royal Bank of Canada	$4.4M	$4K
Commonwealth Equity Services, LLC	$377K	$3.8M
Citadel Advisors LLC	$389K	$3.3M
Osaic Holdings, Inc.	$2.1M	$2K
Morgan Stanley	$90K	$71K

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: FID institutional holders, AVSE institutional holders.

Frequently asked questions

How much do FID and AVSE overlap?

1.5% by weight, with 11 holdings in common, using holdings for FID as of June 30, 2026 and AVSE as of May 31, 2026. The largest shared position is 2318.

Do institutions hold both FID and AVSE?

9 Form 13F filers report positions in both, out of 134 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%.