VNLA vs FIXD overlap

VNLA and FIXD overlap 0.5% by weight, across 4 shared holdings.

VNLAFIXD

Pick 2 to 4 ETFs.

0.5%

overlap by weight, across 4 shared holdings

VNLA1.3% of the fund is in shared holdings, of 336

FIXD0.8% of the fund is in shared holdings, of 488

These funds report on different dates (VNLA: July 31, 2026, FIXD: May 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	VNLA	FIXD	Overlap
Citadel Securiti	0.24%	0.30%	0.24%
Medline BOR/Co-IMEDIND	0.14%	0.34%	0.14%
Danske Bank AS (Ungtd) 5.427%/VAR 03/01/2028 144A	0.40%	0.11%	0.11%
JPMORGAN CHASE and CO 5.571%/VAR 04/22/2028	0.47%	0.05%	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: VNLA, SEC Form N-PORT, July 31, 2026; FIXD, SEC Form N-PORT, May 31, 2026.

104

institutions report holding both, of 449 holding any

VNLA74.8% of its 13F dollars, 44.3% of its 235 holders

FIXD77.5% of its 13F dollars, 32.7% of its 318 holders

Largest institutions holding both

Firm	VNLA	FIXD
Morgan Stanley	$327.1M	$404.3M
LPL Financial LLC	$196.1M	$315.8M
AE Wealth Management LLC	$433.5M	$4.6M
Wells Fargo & Company	$143.4M	$207.4M
Bank of America Corp.	$238.1M	$41.2M
Raymond James Financial Inc.	$106.2M	$94.6M
Cambridge Investment Research Advisors, Inc.	$58.3M	$58.7M
Envestnet Asset Management Inc.	$3.9M	$101.1M
Geneos Wealth Management Inc.	$66.1M	$38.7M
Royal Bank of Canada	$33.9M	$66.3M
HighTower Advisors, LLC	$5.0M	$70.1M
Truist Financial Corp.	$14.8M	$54.1M
UBS Group AG	$22K	$66.8M
Osaic Holdings, Inc.	$28.6M	$35.2M
Private Advisor Group, LLC	$56.8M	$2.4M

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: VNLA institutional holders, FIXD institutional holders.

Frequently asked questions

How much do VNLA and FIXD overlap?

0.5% by weight, with 4 holdings in common, using holdings for VNLA as of July 31, 2026 and FIXD as of May 31, 2026. The largest shared position is CITADEL SECURITI.

Do institutions hold both VNLA and FIXD?

104 Form 13F filers report positions in both, out of 449 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%.