IBHL vs BNDS overlap

IBHL and BNDS overlap 0.4% by weight, across 1 shared holdings.

IBHLBNDS

Pick 2 to 4 ETFs.

0.4%

overlap by weight, across 1 shared holdings

IBHL0.4% of the fund is in shared holdings, of 219

BNDS3.0% of the fund is in shared holdings, of 74

These funds report on different dates (IBHL: July 31, 2026, BNDS: 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	IBHL	BNDS	Overlap
Genesis EnergyGEL	0.37%	2.98%	0.37%

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: IBHL, SEC Form N-PORT, July 31, 2026; BNDS, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 31 holding any

IBHL8.7% of its 13F dollars, 15.4% of its 13 holders

BNDS0.2% of its 13F dollars, 10.0% of its 20 holders

Largest institutions holding both

Firm	IBHL	BNDS
Integrated Wealth Concepts LLC	$902K	$20K
Wells Fargo & Company	$17K	$19

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: IBHL institutional holders, BNDS institutional holders.

Frequently asked questions

How much do IBHL and BNDS overlap?

0.4% by weight, with 1 holdings in common, using holdings for IBHL as of July 31, 2026 and BNDS as of May 31, 2026. The largest shared position is GEL.

Do institutions hold both IBHL and BNDS?

2 Form 13F filers report positions in both, out of 31 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%.