Portfolio overlap
Market basicsThe extent to which two funds hold the same securities.
In plain terms
Four funds with the same top ten is one portfolio and four expense ratios.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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The extent to which two funds hold the same securities.
Four funds with the same top ten is one portfolio and four expense ratios.