NSCI vs JIII overlap

NSCI and JIII overlap 1.4% by weight, across 6 shared holdings.

NSCIJIII

Pick 2 to 4 ETFs.

1.4%

overlap by weight, across 6 shared holdings

NSCI3.2% of the fund is in shared holdings, of 222

JIII1.4% of the fund is in shared holdings, of 448

Top shared holdings

Holding	NSCI	JIII	Overlap
BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class C	0.48%	0.40%	0.40%
Lightpath Fiber Issuer LLCLPATH	0.48%	0.38%	0.38%
Sotheby's Artfi Master Trust, Series 2026-1A, Class D	0.43%	0.30%	0.30%
PFDR Trust, Series 2026-DLVR, Class C	0.48%	0.21%	0.21%
MTN Commercial Mortgage Trust, Series 2026-LPFX, Class E	0.61%	0.08%	0.08%
FNA 9 LLC, Series 2026-1, Class A	0.72%	0.05%	0.05%

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: NSCI, SEC Form N-PORT, July 31, 2026; JIII, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 25 holding any

NSCI0.2% of its 13F dollars, 14.3% of its 7 holders

JIII1.0% of its 13F dollars, 5.3% of its 19 holders

Largest institutions holding both

Firm	NSCI	JIII
Jane Street Group, LLC	$301K	$1.8M

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: NSCI institutional holders, JIII institutional holders.

Frequently asked questions

How much do NSCI and JIII overlap?

1.4% by weight, with 6 holdings in common, using holdings for NSCI as of July 31, 2026 and JIII as of July 31, 2026. The largest shared position is BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class C.

Do institutions hold both NSCI and JIII?

1 Form 13F filers report positions in both, out of 25 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%.