FNDF vs DFIV overlap
FNDF and DFIV overlap 40.6% by weight, across 389 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (FNDF: May 31, 2026, DFIV: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | FNDF | DFIV | Overlap |
|---|---|---|---|
| Totalenergies SETTE | 1.69% | 2.05% | 1.69% |
| Toyota Motor7203 | 0.89% | 1.78% | 0.89% |
| Shell PLCSHELL | 2.19% | 0.79% | 0.79% |
| HSBC Holdings PLHSBA | 1.00% | 0.74% | 0.74% |
| Banco SantanderSAN | 0.73% | 1.93% | 0.73% |
| Glencore PLCGLCNF | 1.22% | 0.60% | 0.60% |
| BRIT AMER TobaccBATS | 0.58% | 0.67% | 0.58% |
| ENI SpaENI | 0.55% | 0.86% | 0.55% |
| Suncor EnergySU | 0.51% | 1.07% | 0.51% |
| BASF SEBAS | 0.50% | 1.21% | 0.50% |
| Panasonic Holdin6752 | 0.50% | 0.59% | 0.50% |
| Toronto-DOM BankTD | 0.50% | 1.41% | 0.50% |
| Deutsche TelekomDTE | 0.62% | 0.49% | 0.49% |
| BNP ParibasBNP | 0.47% | 0.79% | 0.47% |
| Bayer AG-REGBAYN | 0.46% | 0.97% | 0.46% |
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: FNDF, SEC Form N-PORT, May 31, 2026; DFIV, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | FNDF | DFIV |
|---|---|---|
| Northwestern Mutual Wealth Management Co | $333.6M | $1.8B |
| Mercer Global Advisors Inc. | $9.9M | $1.3B |
| Focus Partners Wealth | $49.4M | $929.0M |
| Wealth Enhancement Advisory Services, LLC | $858.6M | $80.4M |
| PNC Financial Services Group, Inc. | $573K | $929.2M |
| Bank of America Corp. | $457.6M | $207.1M |
| Savant Capital, LLC | $77.9M | $574.1M |
| EP Wealth Advisors, LLC | $43.3M | $496.9M |
| Regions Financial Corp. | $523.9M | $4.3M |
| Envestnet Asset Management Inc. | $131.7M | $274.7M |
| Morgan Stanley | $383.3M | $11.7M |
| Northern Trust Corp. | $1.0M | $391.1M |
| Wells Fargo & Company | $306.4M | $67.3M |
| Focus Partners Advisor Solutions, LLC | $4.0M | $320.4M |
| Raymond James Financial Inc. | $63.3M | $253.1M |
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: FNDF institutional holders, DFIV institutional holders.
Frequently asked questions
How much do FNDF and DFIV overlap?
40.6% by weight, with 389 holdings in common, using holdings for FNDF as of May 31, 2026 and DFIV as of July 31, 2026. The largest shared position is TTE.
Do institutions hold both FNDF and DFIV?
380 Form 13F filers report positions in both, out of 1,386 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%.