GTO vs FTCB overlap
GTO and FTCB overlap 3.5% by weight, across 61 shared holdings.
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Top shared holdings
| Holding | GTO | FTCB | Overlap |
|---|---|---|---|
| FNCL 5.5 8/26 | 1.49% | 1.41% | 1.41% |
| Uniform Mortgage-Backed Securities | 1.42% | 0.23% | 0.23% |
| US Treasury N/BT | 1.00% | 0.21% | 0.21% |
| Space ExploratioSPCX | 0.17% | 0.21% | 0.17% |
| FNCL 3 8/26 | 1.87% | 0.16% | 0.16% |
| EFMT 2026-NQM3, Series 2026-NQM3, Class A1 | 0.41% | 0.13% | 0.13% |
| Ginnie Mae | 0.15% | 0.09% | 0.09% |
| Morgan Stanley | 0.07% | 0.25% | 0.07% |
| QTS Fayetteville I Dc1-2 LLC / QTS TRS Fayetteville I DC1-2 LLCQTSQST | 0.07% | 0.24% | 0.07% |
| FNCL 5 8/26 | 1.30% | 0.06% | 0.06% |
| JPMorgan Chase & Co | 0.06% | 0.33% | 0.06% |
| Ellington Financial Mortgage Trust, Series 2024-INV2, Class A1 | 0.06% | 0.06% | 0.06% |
| OBX Trust, Series 2022-NQM2, Class A1B | 0.05% | 0.07% | 0.05% |
| Beacon Point DC LLC 6.129% 11/30/2042 144AHUTBPA | 0.05% | 0.23% | 0.05% |
| BX Commercial Mortgage Trust, Series 2026-CSMO, Class ABX | 0.52% | 0.05% | 0.05% |
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: GTO, SEC Form N-PORT, July 31, 2026; FTCB, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | GTO | FTCB |
|---|---|---|
| LPL Financial LLC | $254.5M | $356.2M |
| Envestnet Asset Management Inc. | $173.0M | $105.2M |
| Morgan Stanley | $79.7M | $156.3M |
| Osaic Holdings, Inc. | $133.2M | $31.4M |
| Cetera Investment Advisers | $30.3M | $63.5M |
| Private Advisor Group, LLC | $66.6M | $23.6M |
| Raymond James Financial Inc. | $32.7M | $45.2M |
| Bank of New York Mellon Corp | $62.5M | $10.9M |
| Cambridge Investment Research Advisors, Inc. | $3.1M | $63.6M |
| Harbour Investments, Inc. | $754K | $59.9M |
| Stifel Financial Corp. | $265K | $55.8M |
| Dynamic Advisor Solutions LLC | $32.8M | $9.1M |
| Kestra Advisory Services, LLC | $5.8M | $36.1M |
| &Partners | $3.8M | $35.7M |
| Royal Bank of Canada | $6.4M | $32.1M |
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: GTO institutional holders, FTCB institutional holders.
Frequently asked questions
How much do GTO and FTCB overlap?
3.5% by weight, with 61 holdings in common, using holdings for GTO as of July 31, 2026 and FTCB as of July 31, 2026. The largest shared position is FNCL 5.5 8/26.
Do institutions hold both GTO and FTCB?
76 Form 13F filers report positions in both, out of 324 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%.