ANCFX vs VIMAX: 12% overlap
American Funds Fundamental Investors A and Vanguard Mid-Cap Index Admiral share 11.6% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 3 months apart — ANCFX as of 2026-03-31, the rest through 2026-06-30. 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
ANCFX and VIMAX hold 63 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ANCFX | in VIMAX | Δ |
|---|---|---|---|
| RCL | 1.0% | 0.7% | 0.2% |
| TDG | 2.2% | 0.7% | 1.4% |
| WDC | 0.5% | 1.1% | 0.5% |
| CMG | 0.7% | 0.4% | 0.3% |
| URI | 0.4% | 0.7% | 0.3% |
| CEG | 0.4% | 0.8% | 0.4% |
| DHI | 0.3% | 0.4% | 0.1% |
| CARR | 0.3% | 0.6% | 0.2% |
| RBLX | 0.4% | 0.3% | 0.1% |
| CVNA | 0.3% | 0.4% | 0.1% |
Where ANCFX and VIMAX 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 | VIMAX | Δ |
|---|---|---|---|
| Information Technology | 27.8% | 16.1% | +11.8pp |
| Unclassified | 9.3% | 0.4% | +8.9pp |
| Industrials | 12.0% | 19.6% | −7.6pp |
| Utilities | 2.1% | 8.4% | −6.3pp |
| Communication Services | 9.0% | 2.8% | +6.2pp |
| Financials | 8.1% | 14.0% | −5.9pp |
| Energy | 2.3% | 7.3% | −5.0pp |
| Consumer Staples | 9.4% | 4.9% | +4.5pp |
Δ is ANCFX minus VIMAX, 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
83.4% of ANCFX by weight, held in no part of VIMAX.
76.0% of VIMAX 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 | VIMAX | |
|---|---|---|
| Top 10 holdings | 34.1% | 9.5% |
| Positions held | 233 | 283 |
| Cost per $10,000 held, per year | $61 | $5 |
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 VIMAX overlap?
ANCFX and VIMAX overlap 11.6% by portfolio weight — largely distinct portfolios. They share 63 holdings. The figure comes from current issuer holdings files (ANCFX as of 2026-03-31, VIMAX as of 2026-06-30).
How is the overlap between ANCFX and VIMAX 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 VIMAX 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 VIMAX?
That depends on your goals — we state facts, not advice. At 11.6% overlap, each fund still contributes meaningfully distinct exposure.
What does ANCFX own that VIMAX doesn't?
ANCFX holds 233 positions and VIMAX holds 283; 169 of ANCFX's positions don't appear in VIMAX at all, and they are 83.4% of ANCFX by weight.
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Related comparisons
Sources: issuer holdings files, ANCFX as of 2026-03-31, VIMAX as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.