MINO vs FSMB overlap
MINO and FSMB overlap 1.4% by weight, across 12 shared holdings.
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Top shared holdings
| Holding | MINO | FSMB | Overlap |
|---|---|---|---|
| Arkansas St DEV FIN AUTH Resource Recovery Revenue | 0.56% | 0.32% | 0.32% |
| Main Street Energy-DMSEPWR | 0.18% | 0.62% | 0.18% |
| Whiting in ENV 4% G=BP MT @ | 0.35% | 0.16% | 0.16% |
| NH Nfapol 4 12/01/2028 | 0.14% | 0.19% | 0.14% |
| New York Energy Finance Development Corp. 5% MT | 0.20% | 0.13% | 0.13% |
| Mission TX EDC 5/1/50 MT@ | 0.49% | 0.10% | 0.10% |
| Energy Southeast A Cooperative District, Series 2024BESDPWR | 0.07% | 0.17% | 0.07% |
| Chandler AZ IDR 4.1% MTCHADEV | 0.07% | 0.16% | 0.07% |
| OH Air QUAL 4.25% MT@OHSDEV | 0.07% | 0.77% | 0.07% |
| Denver Co ARPT 5% 12/1/2031 @ | 0.06% | 0.21% | 0.06% |
| KY PUB Energy AUTH-B- | 0.04% | 0.63% | 0.04% |
| NY Trans Corp. 4% 10/1/2030@ | 0.08% | 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: MINO, SEC Form N-PORT, June 30, 2026; FSMB, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | MINO | FSMB |
|---|---|---|
| Morgan Stanley | $20.1M | $104.9M |
| LPL Financial LLC | $60.8M | $49.9M |
| Envestnet Asset Management Inc. | $39.0M | $7.8M |
| NewEdge Advisors, LLC | $20.9M | $10.2M |
| Raymond James Financial Inc. | $15.7M | $13.2M |
| Commonwealth Equity Services, LLC | $12.7M | $14.6M |
| HighTower Advisors, LLC | $7.2M | $17.9M |
| Osaic Holdings, Inc. | $12.2M | $8.9M |
| Cetera Investment Advisers | $5.2M | $11.9M |
| Cambridge Investment Research Advisors, Inc. | $5.0M | $11.9M |
| Waverly Advisors, LLC | $1.2M | $14.0M |
| CARY Street Partners Financial LLC | $7.9M | $2.5M |
| GeoWealth Management, LLC | $9.6M | $482K |
| Royal Bank of Canada | $2.9M | $7.1M |
| Truist Financial Corp. | $7.8M | $966K |
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: MINO institutional holders, FSMB institutional holders.
Frequently asked questions
How much do MINO and FSMB overlap?
1.4% by weight, with 12 holdings in common, using holdings for MINO as of June 30, 2026 and FSMB as of July 31, 2026. The largest shared position is ARKANSAS ST DEV FIN AUTH RESOURCE RECOVERY REVENUE.
Do institutions hold both MINO and FSMB?
53 Form 13F filers report positions in both, out of 252 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%.