FTRB vs AVSF overlap

FTRB and AVSF overlap 2.4% by weight, across 35 shared holdings.

FTRBAVSF

Pick 2 to 4 ETFs.

2.4%

overlap by weight, across 35 shared holdings

FTRB3.2% of the fund is in shared holdings, of 684

AVSF6.7% of the fund is in shared holdings, of 517

Top shared holdings

Holding	FTRB	AVSF	Overlap
US Treasury N/BT	1.66%	1.02%	1.02%
US Treasury N/BT	0.13%	0.66%	0.13%
T-Mobile USA Inc.TMUS	0.16%	0.12%	0.12%
Apple Inc.AAPL	0.09%	0.23%	0.09%
M&T Bank Corp.MTB	0.09%	0.37%	0.09%
Union PAC Corp.UNP	0.11%	0.08%	0.08%
HCA Inc.HCA	0.08%	0.08%	0.08%
Elevance HealthELV	0.07%	0.31%	0.07%
Chubb INA HldgsCB	0.07%	0.34%	0.07%
JPMorgan ChaseJPM	0.07%	0.08%	0.07%
Constellation BRSTZ	0.06%	0.12%	0.06%
US BancorpUSB	0.11%	0.06%	0.06%
WP Carey Inc.WPC	0.04%	0.15%	0.04%
Charles SchwabSCHW	0.03%	0.33%	0.03%
Solventum Corp.SOLV	0.03%	0.06%	0.03%

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: FTRB, SEC Form N-PORT, June 30, 2026; AVSF, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 133 holding any

FTRB37.6% of its 13F dollars, 21.1% of its 52 holders

AVSF11.6% of its 13F dollars, 12.0% of its 92 holders

Largest institutions holding both

Firm	FTRB	AVSF
Truist Financial Corp.	$74.2M	$206K
Raymond James Financial Inc.	$53.1M	$9.1M
Envestnet Asset Management Inc.	$21.9M	$27.4M
Osaic Holdings, Inc.	$20.6M	$98K
Wilkerson Advisory Group LLC	$15.7M	$461K
MML Investors Services, LLC	$13.0M	$2.9M
Goldman Sachs Group Inc.	$1.1M	$8.6M
LPL Financial LLC	$281K	$7.5M
Commonwealth Equity Services, LLC	$4.6M	$3.1M
Citadel Advisors LLC	$1.1M	$3.6M
Royal Bank of Canada	$27K	$333K

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: FTRB institutional holders, AVSF institutional holders.

Frequently asked questions

How much do FTRB and AVSF overlap?

2.4% by weight, with 35 holdings in common, using holdings for FTRB as of June 30, 2026 and AVSF as of May 31, 2026. The largest shared position is T.

Do institutions hold both FTRB and AVSF?

11 Form 13F filers report positions in both, out of 133 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%.