TUSI vs FLUD overlap

TUSI and FLUD overlap 2.0% by weight, across 10 shared holdings.

TUSIFLUD

Pick 2 to 4 ETFs.

2.0%

overlap by weight, across 10 shared holdings

TUSI5.9% of the fund is in shared holdings, of 237

FLUD2.4% of the fund is in shared holdings, of 413

Top shared holdings

Holding	TUSI	FLUD	Overlap
US Treasury N/BT	0.77%	0.83%	0.77%
DTE Energy Co 4.95% 07/01/2027DTE	0.63%	0.39%	0.39%
Daimler Truck Finance North America LLCDTRGR	0.49%	0.20%	0.20%
Public Storage Operating CoPSA	0.17%	0.19%	0.17%
Hyundai Capital AmericaHYNMTR	0.20%	0.14%	0.14%
Boston Properties LPBXP	0.20%	0.10%	0.10%
Fifth Third BankFITB	0.18%	0.09%	0.09%
ONEOK IncOKE	0.22%	0.08%	0.08%
Alexandria Real Estate Equities, Inc. 0% CP 06/07/2026ARE	2.96%	0.05%	0.05%
Huntington NATLHBAN	0.04%	0.36%	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: TUSI, SEC Form N-PORT, June 30, 2026; FLUD, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 85 holding any

TUSI40.6% of its 13F dollars, 16.2% of its 68 holders

FLUD22.8% of its 13F dollars, 39.3% of its 28 holders

Largest institutions holding both

Firm	TUSI	FLUD
Raymond James Financial Inc.	$67.7M	$48.5M
LPL Financial LLC	$60.0M	$37.1M
Royal Bank of Canada	$13.4M	$8.9M
Steward Partners Investment Advisory, LLC	$18.8M	$1.7M
Janney Montgomery Scott LLC	$8.9M	$500K
Osaic Holdings, Inc.	$5.1M	$180K
Commonwealth Equity Services, LLC	$1.8M	$1.7M
Jane Street Group, LLC	$2.4M	$1.1M
Citadel Advisors LLC	$705K	$1.1M
Flow Traders U.S. LLC	$1.2M	$466K
Goldman Sachs Group Inc.	$594K	$610K

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: TUSI institutional holders, FLUD institutional holders.

Frequently asked questions

How much do TUSI and FLUD overlap?

2.0% by weight, with 10 holdings in common, using holdings for TUSI as of June 30, 2026 and FLUD as of June 30, 2026. The largest shared position is T.

Do institutions hold both TUSI and FLUD?

11 Form 13F filers report positions in both, out of 85 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%.