FDL vs IGF overlap - what they share and where they differ

FDL and IGF share 11.5% of their weight across 8 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.

FDL and IGF

11.5%

8 shared positions

FDL

First Trust Morningstar Dividend Leaders Index Fund

Reported positions cover 100% of the fund, 99 positions · Jun 30, 2026

Top 10: 48.1%·Holdings of FDL

IGF

iShares Global Infrastructure ETF

Reported positions cover 84% of the fund, 64 positions · Jun 30, 2026

Top 10: 34.5%·Holdings of IGF

Reported positions cover FDL 100%, IGF 84% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

IGF vs FDL side by side

FDLFirst Trust Morningstar Dividend Leaders Index Fund

99

stock positions reported to the SEC

88.2% of its weight is in 91 names IGF does not hold

IGFiShares Global Infrastructure ETF

64

stock positions reported to the SEC

70.2% of its weight is in 56 names FDL does not hold

Where each fund's weight sits

FDL
IGF
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Utilities
17.6%
36.4%
Consumer Cyclical
16.4%
0.0%
Healthcare
12.5%
0.0%
Communication Services
11.0%
0.0%
Financial Services
11.0%
0.0%
Industrials
0.0%
4.7%

The widest gap is Utilities: IGF has 18.8 points more of it.

The figures side by side

FDLIGF
Filing dateJun 30, 2026Jun 30, 2026
Stock positions reported9964
Weight of the ten largest48.1%34.5%
Largest positionCVX 7.4%AENA, S.M.E., S.A. 5.1%
Held alone91 positions, 88.2%56 positions, 70.2%
Covered by stock positions100%84%

Holdings they share

StockIn FDLIn IGFCounted
SOSOUTHERN COMPANY (THE)2.32%2.83%2.32%
DUKDUKE ENERGY CORP2.21%2.64%2.21%
OKEONEOK INC1.69%1.84%1.69%
KMIKINDER MORGAN INC1.54%2.10%1.54%
DDOMINION ENERGY INC1.50%1.56%1.50%
EXCEXELON CORP1.15%1.28%1.15%
PEGPUBLIC SERVICE ENTERPRISE GROUP INC0.90%1.09%0.90%
AMANTERO MIDSTREAM CORP0.20%0.25%0.20%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in FDL

CVXCHEVRON CORP7.43%
VZVERIZON COMMUNICATIONS INC7.17%
PMPHILIP MORRIS INTERNATIONAL INC6.06%
PFEPFIZER INC5.91%
PEPPEPSICO INC4.84%
MOALTRIA GROUP INC4.64%
BMYBRISTOL-MYERS SQUIBB COMPANY3.43%
UPSUNITED PARCEL SERVICE INC3.15%
CMCSACOMCAST CORP3.13%
BXBLACKSTONE INC2.31%

Only in IGF

AENA, S.M.E., S.A.5.10%
NEENEXTERA ENERGY, INC.4.79%
IBERDROLA, S.A.4.15%
ENBEnbridge Inc.3.97%
WMBTHE WILLIAMS COMPANIES, INC.3.05%
AUCKLAND INTERNATIONAL AIRPORT LIMITED3.03%
GETLINK S.E.2.51%
ENEL - SPA2.38%
QUBE HOLDINGS LIMITED2.36%
TRPTC Energy Corporation2.31%

Questions people ask

Is FDL the same as IGF?

11.5% of their weight sits in the same 8 holdings. FDL also reports CVX, VZ, PM, which the other does not. IGF also reports AENA, S.M.E., S.A., NEE, IBERDROLA, S.A., which the other does not.

How is the overlap between FDL and IGF measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of FDL and 84% of IGF, so the number cannot exceed the smaller coverage.

Which holds more, IGF or FDL?

FDL reports 99 stock positions and IGF reports 64. 88.2% of FDL's weight sits in names IGF does not hold, and 70.2% of IGF's weight in names FDL does not hold. The ten largest positions are 48.1% of FDL and 34.5% of IGF.

How do FDL and IGF differ by sector?

The widest gap is Utilities: IGF has 18.8 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

Add a third fund in the tool·All fund pairs

Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.