TAFL vs MMMA overlap

TAFL and MMMA overlap 1.1% by weight, across 3 shared holdings.

TAFLMMMA

Pick 2 to 4 ETFs.

1.1%

overlap by weight, across 3 shared holdings

TAFL1.1% of the fund is in shared holdings, of 114

MMMA5.3% of the fund is in shared holdings, of 49

These funds report on different dates (TAFL: May 31, 2026, MMMA: July 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	TAFL	MMMA	Overlap
Buckeye OH Tobacco Settlement FING AUTHBUCGEN	0.69%	1.32%	0.69%
AZ St INDL DEV AUTH-a	0.35%	3.53%	0.35%
Puerto Rico Sales Tax FING Corp. Sales Tax RevenuePRCGEN	0.05%	0.47%	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: TAFL, SEC Form N-PORT, May 31, 2026; MMMA, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 22 holding any

TAFL1.6% of its 13F dollars, 5.0% of its 20 holders

MMMA1.0% of its 13F dollars, 33.3% of its 3 holders

Largest institutions holding both

Firm	TAFL	MMMA
Jane Street Group, LLC	$829K	$512K

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, MMMA institutional holders.

Frequently asked questions

How much do TAFL and MMMA overlap?

1.1% by weight, with 3 holdings in common, using holdings for TAFL as of May 31, 2026 and MMMA as of July 31, 2026. The largest shared position is BUCGEN.

Do institutions hold both TAFL and MMMA?

1 Form 13F filers report positions in both, out of 22 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%.