TAFL vs JHMU overlap

TAFL and JHMU overlap 1.3% by weight, across 3 shared holdings.

TAFLJHMU

Pick 2 to 4 ETFs.

1.3%

overlap by weight, across 3 shared holdings

TAFL4.0% of the fund is in shared holdings, of 114

JHMU1.5% of the fund is in shared holdings, of 219

Top shared holdings

Holding	TAFL	JHMU	Overlap
MA DEV FIN AGY-QMASDEV	1.84%	0.61%	0.61%
Cuyahoga CoCUY	1.85%	0.37%	0.37%
PEFA Inc. Iowa G 5% 4/1/2035PEFUTL	0.28%	0.48%	0.28%

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: TAFL, SEC Form N-PORT, May 31, 2026; JHMU, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 34 holding any

TAFL31.3% of its 13F dollars, 20.0% of its 20 holders

JHMU7.2% of its 13F dollars, 22.2% of its 18 holders

Largest institutions holding both

Firm	TAFL	JHMU
HighTower Advisors, LLC	$11.3M	$204K
Envestnet Asset Management Inc.	$2.4M	$2.1M
Osaic Holdings, Inc.	$1.6M	$1.0M
Jane Street Group, LLC	$829K	$404K

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: TAFL institutional holders, JHMU institutional holders.

Frequently asked questions

How much do TAFL and JHMU overlap?

1.3% by weight, with 3 holdings in common, using holdings for TAFL as of May 31, 2026 and JHMU as of June 30, 2026. The largest shared position is MASDEV.

Do institutions hold both TAFL and JHMU?

4 Form 13F filers report positions in both, out of 34 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%.