JMUB vs CGMU overlap
JMUB and CGMU overlap 5.6% by weight, across 126 shared holdings.
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Top shared holdings
| Holding | JMUB | CGMU | Overlap |
|---|---|---|---|
| Puerto Rico Sales Tax FING Corp. Sales Tax RevenuePRCGEN | 0.51% | 0.69% | 0.51% |
| PEFA Inc. Iowa G 5% 4/1/2035PEFUTL | 0.23% | 0.25% | 0.23% |
| Houston TX ARPT SYS Revenue | 0.16% | 0.19% | 0.16% |
| Black BELT ENE 5% 12/1/2034 | 0.77% | 0.15% | 0.15% |
| Lower ALA Gas D 5% 12/1/2033 | 0.31% | 0.12% | 0.12% |
| Black BELT ENE 5% 7/1/2033 | 0.12% | 0.31% | 0.12% |
| Harris Co Cultural-a | 0.12% | 0.32% | 0.12% |
| Black BELT Energy-B | 0.16% | 0.12% | 0.12% |
| PA HSG FIN AGY-150A | 0.19% | 0.12% | 0.12% |
| Illinois Housing Development Authority, Series 2025D | 0.11% | 0.14% | 0.11% |
| CA Cmnty Choice-CCCEDEV | 0.61% | 0.10% | 0.10% |
| Black BELT Energy-DBBEUTL | 0.43% | 0.09% | 0.09% |
| California Community Choice Financing Authority, Series 2025ECCEDEV | 0.49% | 0.08% | 0.08% |
| Southeast EN AL 5% MT | 0.08% | 0.17% | 0.08% |
| Puerto Rico Sales Tax FING Corp. Sales Tax Revenue | 0.13% | 0.08% | 0.08% |
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: JMUB, SEC Form N-PORT, May 31, 2026; CGMU, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | JMUB | CGMU |
|---|---|---|
| LPL Financial LLC | $343.1M | $318.4M |
| JPMorgan Chase & Co | $614.1M | $42.0M |
| Northwestern Mutual Wealth Management Co | $266.6M | $271.8M |
| Envestnet Asset Management Inc. | $110.8M | $376.4M |
| Morgan Stanley | $63.7M | $298.4M |
| Cetera Investment Advisers | $207.1M | $142.1M |
| Jones Financial Companies LLLP | $158.2M | $151.1M |
| Wells Fargo & Company | $21.6M | $238.1M |
| Bank of America Corp. | $150.4M | $66.3M |
| Raymond James Financial Inc. | $90.6M | $106.1M |
| Ameriprise Financial Inc. | $165.0M | $385K |
| Wealth Enhancement Advisory Services, LLC | $132.5M | $5.4M |
| Cambridge Investment Research Advisors, Inc. | $16.7M | $118.7M |
| Osaic Holdings, Inc. | $54.6M | $78.6M |
| UBS Group AG | $2.4M | $126.6M |
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: JMUB institutional holders, CGMU institutional holders.
Frequently asked questions
How much do JMUB and CGMU overlap?
5.6% by weight, with 126 holdings in common, using holdings for JMUB as of May 31, 2026 and CGMU as of June 30, 2026. The largest shared position is PRCGEN.
Do institutions hold both JMUB and CGMU?
161 Form 13F filers report positions in both, out of 700 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%.