NUAG vs GEMD overlap

NUAG and GEMD overlap 1.4% by weight, across 17 shared holdings.

NUAGGEMD

Pick 2 to 4 ETFs.

1.4%

overlap by weight, across 17 shared holdings

NUAG1.6% of the fund is in shared holdings, of 1,305

GEMD6.6% of the fund is in shared holdings, of 191

These funds report on different dates (NUAG: July 31, 2026, GEMD: 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	NUAG	GEMD	Overlap
United Mexican	0.30%	0.59%	0.30%
United Mexican	0.44%	0.29%	0.29%
Philippines(rep)	0.16%	0.47%	0.16%
REP of Poland	0.11%	0.46%	0.11%
United Mexican	0.09%	0.55%	0.09%
Uruguay	0.08%	0.16%	0.08%
Hungary	0.07%	0.35%	0.07%
Uruguay	0.06%	0.07%	0.06%
Philippines(rep)	0.06%	0.57%	0.06%
Panama	0.05%	0.40%	0.05%
United Mexican	0.04%	0.26%	0.04%
Republic of PERU	0.03%	0.07%	0.03%
Republic of PERU	0.03%	0.40%	0.03%
REP of Poland	0.03%	0.53%	0.03%
Philippines(rep)	0.02%	0.64%	0.02%

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: NUAG, SEC Form N-PORT, July 31, 2026; GEMD, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 38 holding any

NUAG4.6% of its 13F dollars, 25.0% of its 20 holders

GEMD1.0% of its 13F dollars, 21.7% of its 23 holders

Largest institutions holding both

Firm	NUAG	GEMD
UBS Group AG	$570K	$11K
Integrated Wealth Concepts LLC	$218K	$210K
Morgan Stanley	$382K	$34K
Osaic Holdings, Inc.	$291K	$52K
Steward Partners Investment Advisory, LLC	$34K	$14K

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: NUAG institutional holders, GEMD institutional holders.

Frequently asked questions

How much do NUAG and GEMD overlap?

1.4% by weight, with 17 holdings in common, using holdings for NUAG as of July 31, 2026 and GEMD as of May 31, 2026. The largest shared position is UNITED MEXICAN.

Do institutions hold both NUAG and GEMD?

5 Form 13F filers report positions in both, out of 38 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%.