TPLS vs FTBD overlap

TPLS and FTBD overlap 0.2% by weight, across 9 shared holdings.

TPLSFTBD

Pick 2 to 4 ETFs.

0.2%

overlap by weight, across 9 shared holdings

TPLS1.4% of the fund is in shared holdings, of 336

FTBD1.5% of the fund is in shared holdings, of 732

Top shared holdings

Holding	TPLS	FTBD	Overlap
Petroleos Mexica	0.09%	1.41%	0.09%
KEHE DIS/FIN/NXTKEHEFO	0.13%	0.03%	0.03%
CCO Holdings LLCCHTR	0.29%	0.03%	0.03%
Sunoco LPSUN	0.13%	0.01%	0.01%
Wesco Distribut	0.38%	0.01%	0.01%
Post Holdings in	0.13%	0.01%	0.01%
Post Holdings inPOST	0.05%	0.01%	0.01%
Corecivic Inc.	0.13%	0.01%	0.01%
Columbia Pipelines Operating Co LLC	0.05%	0.01%	0.01%

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: TPLS, SEC Form N-PORT, May 31, 2026; FTBD, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 20 holding any

TPLS0.2% of its 13F dollars, 40.0% of its 5 holders

FTBD5.9% of its 13F dollars, 11.8% of its 17 holders

Largest institutions holding both

Firm	TPLS	FTBD
Morgan Stanley	$12K	$391K
UBS Group AG	$1K	$5K

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: TPLS institutional holders, FTBD institutional holders.

Frequently asked questions

How much do TPLS and FTBD overlap?

0.2% by weight, with 9 holdings in common, using holdings for TPLS as of May 31, 2026 and FTBD as of May 31, 2026. The largest shared position is PETROLEOS MEXICA.

Do institutions hold both TPLS and FTBD?

2 Form 13F filers report positions in both, out of 20 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%.