LMUB vs DFNM overlap
LMUB and DFNM overlap 0.4% by weight, across 6 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (LMUB: May 31, 2026, DFNM: July 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 | LMUB | DFNM | Overlap |
|---|---|---|---|
| New York St DORM AUTHNYSHGR | 0.19% | 0.38% | 0.19% |
| Dasny -a -REV -REF | 0.19% | 0.14% | 0.14% |
| City of Austin Water & Wastewater System, Series 2026 | 0.07% | 0.10% | 0.07% |
| Miami-DADE Co EDU FAC | 0.30% | 0.02% | 0.02% |
| Energy NW-a-REF | 0.01% | 0.12% | 0.01% |
| Chicago Transit AUTH | 0.00% | 0.07% | 0.00% |
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: LMUB, SEC Form N-PORT, May 31, 2026; DFNM, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | LMUB | DFNM |
|---|---|---|
| Envestnet Asset Management Inc. | $660.1M | $9.8M |
| LPL Financial LLC | $340.0M | $28.0M |
| JPMorgan Chase & Co | $143.2M | $7.4M |
| Morgan Stanley | $83.5M | $422K |
| MML Investors Services, LLC | $77.7M | $826K |
| Park Avenue Securities LLC | $59.6M | $2.7M |
| GeoWealth Management, LLC | $431K | $51.0M |
| Commonwealth Equity Services, LLC | $2.7M | $32.5M |
| Vise Technologies, Inc. | $18.2M | $3.8M |
| Integrated Wealth Concepts LLC | $731K | $18.9M |
| Foundations Investment Advisors, LLC | $17.5M | $508K |
| HighTower Advisors, LLC | $3.5M | $14.0M |
| Assetmark, Inc. | $413K | $16.9M |
| OneDigital Investment Advisors LLC | $15.6M | $1.7M |
| Stifel Financial Corp. | $10.4M | $3.7M |
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: LMUB institutional holders, DFNM institutional holders.
Frequently asked questions
How much do LMUB and DFNM overlap?
0.4% by weight, with 6 holdings in common, using holdings for LMUB as of May 31, 2026 and DFNM as of July 31, 2026. The largest shared position is NYSHGR.
Do institutions hold both LMUB and DFNM?
49 Form 13F filers report positions in both, out of 428 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%.