SPBO vs DUSB overlap

SPBO and DUSB overlap 1.9% by weight, across 84 shared holdings.

SPBODUSB

Pick 2 to 4 ETFs.

1.9%

overlap by weight, across 84 shared holdings

SPBO2.1% of the fund is in shared holdings, of 4,048

DUSB16.7% of the fund is in shared holdings, of 564

Top shared holdings

Holding	SPBO	DUSB	Overlap
Philip Morris in	0.10%	0.25%	0.10%
Amgen Inc.AMGN	0.09%	0.27%	0.09%
Banco Santander	0.07%	0.39%	0.07%
Salesforce Inc.CRM	0.06%	0.61%	0.06%
CVS Health Corp. 4.3% 03/25/2028CVS	0.05%	0.06%	0.05%
Unitedhealth GRP	0.05%	0.09%	0.05%
Stryker Corp.	0.05%	0.88%	0.05%
Wrkco Inc.	0.05%	0.45%	0.05%
Philip Morris in	0.05%	0.29%	0.05%
Rio Tinto FIN PL	0.04%	0.09%	0.04%
IBM Corp.	0.04%	0.23%	0.04%
Medtronic Global	0.04%	0.11%	0.04%
Analog Devices	0.04%	0.11%	0.04%
Crown Castle INT	0.04%	0.11%	0.04%
Philip Morris in	0.04%	0.29%	0.04%

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: SPBO, SEC Form N-PORT, June 30, 2026; DUSB, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 339 holding any

SPBO23.5% of its 13F dollars, 18.8% of its 186 holders

DUSB16.6% of its 13F dollars, 18.6% of its 188 holders

Largest institutions holding both

Firm	SPBO	DUSB
Vise Technologies, Inc.	$696K	$90.7M
LPL Financial LLC	$80.9M	$2.9M
CX Institutional	$60.9M	$129K
Savant Capital, LLC	$2.1M	$51.8M
Osaic Holdings, Inc.	$47.4M	$2.9M
Mariner, LLC	$20.3M	$13.0M
Morgan Stanley	$32.0M	$229K
Financial Engines Advisors L.L.C.	$17.5M	$1.3M
Envestnet Asset Management Inc.	$3.4M	$11.5M
Royal Bank of Canada	$12.6M	$326K
Wells Fargo & Company	$11.0M	$2
JPMorgan Chase & Co	$7.6M	$2.3M
Creative Planning	$850K	$9.0M
Citadel Advisors LLC	$2.5M	$6.1M
Raymond James Financial Inc.	$3.7M	$4.7M

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: SPBO institutional holders, DUSB institutional holders.

Frequently asked questions

How much do SPBO and DUSB overlap?

1.9% by weight, with 84 holdings in common, using holdings for SPBO as of June 30, 2026 and DUSB as of July 31, 2026. The largest shared position is PHILIP MORRIS IN.

Do institutions hold both SPBO and DUSB?

35 Form 13F filers report positions in both, out of 339 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%.