HCRB vs FLDB overlap

HCRB and FLDB overlap 0.4% by weight, across 6 shared holdings.

HCRBFLDB

Pick 2 to 4 ETFs.

0.4%

overlap by weight, across 6 shared holdings

HCRB0.8% of the fund is in shared holdings, of 759

FLDB0.6% of the fund is in shared holdings, of 397

These funds report on different dates (HCRB: July 31, 2026, FLDB: May 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	HCRB	FLDB	Overlap
Extended STAY AMER TR 2026-ESH2 a Tsfr1m+130 02/15/2043 144A	0.18%	0.11%	0.11%
BX Trust 2026-LP3 5.05% 04/15/2043 144A	0.25%	0.11%	0.11%
BX 2026-Aloha 5.05% 04/15/2043 144A	0.26%	0.08%	0.08%
ALA Trust 2025-OANA a VAR 06/15/2040 144A	0.05%	0.20%	0.05%
Extended STAY America Trust 2025-ESH VAR 10/15/2042 144A	0.03%	0.12%	0.03%
Ocwen Loan Investment Trust 25-HB2 a VAR 11/25/2038 144A	0.03%	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: HCRB, SEC Form N-PORT, July 31, 2026; FLDB, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 39 holding any

HCRB15.9% of its 13F dollars, 16.7% of its 24 holders

FLDB0.9% of its 13F dollars, 21.1% of its 19 holders

Largest institutions holding both

Firm	HCRB	FLDB
LPL Financial LLC	$46.5M	$979K
JPMorgan Chase & Co	$5.7M	$1.7M
&Partners	$5.3M	$762K
Osaic Holdings, Inc.	$2.4M	$25K

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: HCRB institutional holders, FLDB institutional holders.

Frequently asked questions

How much do HCRB and FLDB overlap?

0.4% by weight, with 6 holdings in common, using holdings for HCRB as of July 31, 2026 and FLDB as of May 31, 2026. The largest shared position is EXTENDED STAY AMER TR 2026-ESH2 A TSFR1M+130 02/15/2043 144A.

Do institutions hold both HCRB and FLDB?

4 Form 13F filers report positions in both, out of 39 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%.