ANCFX vs AWSHX: 54% overlap
American Funds Fundamental Investors A and American Funds Washington Mutual A share 54.4% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 30 days apart — ANCFX as of 2026-03-31, the rest through 2026-04-30. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
ANCFX and AWSHX hold 128 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ANCFX | in AWSHX | Δ |
|---|---|---|---|
| AVGO | 5.9% | 7.5% | 1.6% |
| MSFT | 4.5% | 4.6% | 0.1% |
| PM | 4.0% | 3.4% | 0.5% |
| 14020B | 2.8% | 3.4% | 0.5% |
| NVDA | 3.6% | 1.6% | 2.0% |
| GOOGL | 1.6% | 2.0% | 0.4% |
| GOOG | 3.6% | 1.5% | 2.1% |
| AAPL | 1.5% | 2.4% | 0.9% |
| META | 2.3% | 1.4% | 1.0% |
| V | 1.2% | 1.3% | 0.1% |
Where ANCFX and AWSHX differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | ANCFX | AWSHX | Δ |
|---|---|---|---|
| Financials | 8.1% | 15.0% | −6.8pp |
| Information Technology | 27.8% | 21.9% | +6.0pp |
| Health Care | 6.2% | 10.7% | −4.5pp |
| Communication Services | 9.0% | 6.1% | +2.8pp |
| Consumer Staples | 9.4% | 7.0% | +2.4pp |
| Consumer Discretionary | 8.9% | 6.9% | +2.0pp |
| Utilities | 2.1% | 3.8% | −1.7pp |
| Real Estate | 1.8% | 3.3% | −1.5pp |
Δ is ANCFX minus AWSHX, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
32.1% of ANCFX by weight, held in no part of AWSHX.
13.5% of AWSHX by weight, held in no part of ANCFX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| ANCFX | AWSHX | |
|---|---|---|
| Top 10 holdings | 34.1% | 29.9% |
| Positions held | 233 | 197 |
| Cost per $10,000 held, per year | $61 | $57 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do ANCFX and AWSHX overlap?
ANCFX and AWSHX overlap 54.4% by portfolio weight — substantial duplication if you hold both. They share 128 holdings. The figure comes from current issuer holdings files (ANCFX as of 2026-03-31, AWSHX as of 2026-04-30).
How is the overlap between ANCFX and AWSHX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If ANCFX holds a stock at 6% and AWSHX holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both ANCFX and AWSHX?
That depends on your goals — we state facts, not advice. At 54.4% overlap, each fund still contributes meaningfully distinct exposure.
What does ANCFX own that AWSHX doesn't?
ANCFX holds 233 positions and AWSHX holds 197; 104 of ANCFX's positions don't appear in AWSHX at all, and they are 32.1% of ANCFX by weight.
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Related comparisons
Sources: issuer holdings files, ANCFX as of 2026-03-31, AWSHX as of 2026-04-30. Weights are fractions of each fund. Diagnostics, not advice.