VNIE vs NANC overlap

VNIE and NANC overlap 4.0% by weight, across 5 shared holdings.

VNIENANC

Pick 2 to 4 ETFs.

4.0%

overlap by weight, across 5 shared holdings

VNIE13.7% of the fund is in shared holdings, of 43

NANC6.6% of the fund is in shared holdings, of 104

Top shared holdings

Holding	VNIE	NANC	Overlap
Philip Morris inPM	2.33%	2.94%	2.33%
Coca-Cola Co/theKO	3.94%	0.76%	0.76%
Taiwan Semic-ADRTSM	7.05%	0.55%	0.55%
Netflix Inc.NFLX	0.18%	2.18%	0.18%
Liberty Media CoFWONK	0.21%	0.18%	0.18%

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: VNIE, SEC Form N-PORT, June 30, 2026; NANC, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 55 holding any

VNIE0.0% of its 13F dollars, 33.3% of its 3 holders

NANC0.0% of its 13F dollars, 1.9% of its 53 holders

Largest institutions holding both

Firm	VNIE	NANC
UBS Group AG	$27	$202

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: VNIE institutional holders, NANC institutional holders.

Frequently asked questions

How much do VNIE and NANC overlap?

4.0% by weight, with 5 holdings in common, using holdings for VNIE as of June 30, 2026 and NANC as of June 30, 2026. The largest shared position is PM.

Do institutions hold both VNIE and NANC?

1 Form 13F filers report positions in both, out of 55 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%.