SPEM vs IQLT overlap

SPEM and IQLT overlap 0.1% by weight, across 2 shared holdings.

SPEMIQLT

Pick 2 to 4 ETFs.

0.1%

overlap by weight, across 2 shared holdings

SPEM0.1% of the fund is in shared holdings, of 2,902

IQLT0.2% of the fund is in shared holdings, of 300

Top shared holdings

Holding	SPEM	IQLT	Overlap
SITC1308	0.06%	0.11%	0.06%
Yangzijiang ShipYZJSGD	0.04%	0.10%	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: SPEM, SEC Form N-PORT, June 30, 2026; IQLT, SEC Form N-PORT, July 31, 2026.

314

institutions report holding both, of 1,360 holding any

SPEM64.6% of its 13F dollars, 30.4% of its 1,032 holders

IQLT81.9% of its 13F dollars, 48.9% of its 642 holders

Largest institutions holding both

Firm	SPEM	IQLT
Northwestern Mutual Wealth Management Co	$174.0M	$2.9B
LPL Financial LLC	$926.0M	$213.8M
Creative Planning	$1.1B	$5.1M
Envestnet Asset Management Inc.	$367.1M	$712.4M
PNC Financial Services Group, Inc.	$25.2M	$849.9M
Morgan Stanley	$488.0M	$305.8M
Ameriprise Financial Inc.	$180.6M	$549.0M
Goldman Sachs Group Inc.	$576.9M	$723K
Bank of America Corp.	$120.8M	$372.9M
Cerity Partners LLC	$174.8M	$309.8M
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management	$298K	$391.0M
Allworth Financial LP	$373.9M	$1.3M
TIAA-CREF Individual & Institutional Services, LLC	$213.6M	$157.6M
Cetera Investment Advisers	$100.4M	$233.6M
UBS Group AG	$124.2M	$204.7M

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: SPEM institutional holders, IQLT institutional holders.

Frequently asked questions

How much do SPEM and IQLT overlap?

0.1% by weight, with 2 holdings in common, using holdings for SPEM as of June 30, 2026 and IQLT as of July 31, 2026. The largest shared position is 1308.

Do institutions hold both SPEM and IQLT?

314 Form 13F filers report positions in both, out of 1,360 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%.