World through ETFs · BM
Bermuda
In the quarter ending 2026Q2, 0.14% of the pooled net assets of 962 comparable US-registered funds sat in issuers filed as Bermuda-domiciled — about $22.4B. That is +0.03 pp against 2025Q2 and −0.34 pp against 2019Q4. 432 funds in the archive hold something here at their latest filing.
Read with care. Bermuda appears in filings mostly as a place of incorporation. The companies behind these weights often do their business elsewhere; this page reports the country as filed and does not reassign it.
Data as of each fund's latest filed period (most recent filing received 2026-08-31) · measured 2026-09-19. Re-measured as new filings arrive.
Heaviest weight to Bermuda
40Share of each fund's own investments (collateral excluded) filed as Bermuda-domiciled, at the fund's latest period, and the same figure at its first period on record.
| Fund | Weight | As of | First on record | Change |
|---|---|---|---|---|
| EPU | 23.61% | 2026-05-31 | 22.96% (2019-11-30) | +0.65 pp |
| FXO | 9.08% | 2026-04-30 | 5.29% (2019-10-31) | +3.79 pp |
| GRPM | 5.97% | 2026-04-30 | 0.51% (2019-10-31) | +5.46 pp |
| PID | 5.54% | 2026-04-30 | 5.18% (2019-10-31) | +0.36 pp |
| BSVO | 5.29% | 2026-06-30 | 4.29% (2023-03-31) | +1.00 pp |
| EWH | 5.28% | 2026-05-31 | 7.76% (2019-11-30) | −2.48 pp |
| USVM | 5.05% | 2026-06-30 | 2.59% (2019-09-30) | +2.46 pp |
| DFSV | 4.54% | 2026-04-30 | 4.05% (2022-04-30) | +0.49 pp |
| DFAT | 4.32% | 2026-04-30 | 3.88% (2021-07-31) | +0.44 pp |
| OIH | 4.31% | 2026-06-30 | 2.29% (2019-12-31) | +2.02 pp |
| FDD | 4.26% | 2026-06-30 | 3.85% (2026-03-31) | +0.41 pp |
| PFFA | 4.10% | 2026-04-30 | 1.48% (2019-10-31) | +2.62 pp |
| XSVM | 3.93% | 2026-04-30 | 1.52% (2020-07-31) | +2.41 pp |
| CLOI | 3.92% | 2026-06-30 | 2.94% (2023-12-31) | +0.98 pp |
| PGF | 3.88% | 2026-04-30 | 6.82% (2019-10-31) | −2.94 pp |
| FPE | 3.69% | 2026-04-30 | 2.86% (2019-10-31) | +0.83 pp |
| FLHY | 3.56% | 2026-06-30 | 0.08% (2020-03-31) | +3.48 pp |
| SPHB | 3.33% | 2026-05-31 | 0.94% (2020-02-29) | +2.39 pp |
| EZM | 3.27% | 2026-06-30 | 0.57% (2024-12-31) | +2.70 pp |
| QCLN | 3.12% | 2026-06-30 | 3.88% (2026-03-31) | −0.76 pp |
| XMHQ | 3.07% | 2026-04-30 | 0.93% (2019-10-31) | +2.14 pp |
| FDHY | 3.06% | 2026-05-31 | 0.35% (2020-05-31) | +2.71 pp |
| PSK | 2.94% | 2026-06-30 | 4.65% (2019-09-30) | −1.71 pp |
| BTAL† | 2.92% | 2026-06-30 | 3.88% (2020-03-31) | −0.96 pp |
| XTL | 2.85% | 2026-06-30 | 1.95% (2020-06-30) | +0.90 pp |
| MGNR | 2.64% | 2026-04-30 | 2.08% (2026-01-31) | +0.56 pp |
| CGMM | 2.63% | 2026-05-31 | 1.91% (2025-02-28) | +0.72 pp |
| PHYL | 2.55% | 2026-05-29 | 0.79% (2019-11-30) | +1.76 pp |
| PAAA | 2.47% | 2026-05-29 | 4.24% (2023-08-31) | −1.77 pp |
| FLCG | 2.45% | 2026-05-31 | 1.70% (2025-08-31) | +0.75 pp |
| IWN | 2.42% | 2026-06-30 | 2.14% (2019-09-30) | +0.28 pp |
| IYZ | 2.41% | 2026-06-30 | 0.38% (2020-06-30) | +2.03 pp |
| DFAS | 2.34% | 2026-04-30 | 1.48% (2021-07-31) | +0.86 pp |
| DISV | 2.27% | 2026-04-30 | 1.79% (2022-04-30) | +0.48 pp |
| TSME | 2.27% | 2026-06-30 | 2.94% (2022-12-31) | −0.67 pp |
| AVMV | 2.25% | 2026-05-31 | 2.25% (2023-11-30) | +0.00 pp |
| PFF | 2.25% | 2026-06-30 | 3.02% (2019-09-30) | −0.77 pp |
| FLQM | 2.22% | 2026-06-30 | 2.10% (2019-09-30) | +0.12 pp |
| XMLV | 2.22% | 2026-05-31 | 1.22% (2019-11-30) | +1.00 pp |
| AVUV | 2.15% | 2026-05-31 | 1.20% (2019-11-30) | +0.95 pp |
Largest dollar holders
25Weight times the fund's net assets on its period date. A 2% slice of a very large fund is more money in Bermuda than a 100% slice of a small one; both views are on this page for that reason. Comparable funds only.
| Fund | Dollars in Bermuda | Weight | Fund net assets | As of |
|---|---|---|---|---|
| IJH | $1.8B | 1.43% | $124.3B | 2026-06-30 |
| IVV | $1.4B | 0.16% | $888.1B | 2026-06-30 |
| IWM | $1.1B | 1.34% | $83.0B | 2026-06-30 |
| IJR | $779M | 0.70% | $111.3B | 2026-06-30 |
| RSP | $694M | 0.79% | $87.9B | 2026-04-30 |
| IEMG | $600M | 0.37% | $162.0B | 2026-05-31 |
| DFAT | $591M | 4.32% | $13.7B | 2026-04-30 |
| AVUV | $582M | 2.15% | $27.1B | 2026-05-31 |
| IEFA | $488M | 0.27% | $180.7B | 2026-04-30 |
| XLF | $406M | 0.79% | $51.4B | 2026-06-30 |
| IWD | $367M | 0.46% | $79.7B | 2026-06-30 |
| IWN | $352M | 2.42% | $14.5B | 2026-06-30 |
| DFSV | $341M | 4.54% | $7.5B | 2026-04-30 |
| DFAS | $329M | 2.34% | $14.0B | 2026-04-30 |
| DFAC | $311M | 0.70% | $44.5B | 2026-04-30 |
| PFF | $295M | 2.25% | $13.1B | 2026-06-30 |
| XLY | $262M | 1.16% | $22.6B | 2026-06-30 |
| IWS | $253M | 1.62% | $15.6B | 2026-06-30 |
| PAAA | $251M | 2.47% | $10.2B | 2026-05-29 |
| ITOT | $245M | 0.26% | $94.1B | 2026-06-30 |
| DVY | $245M | 1.07% | $22.9B | 2026-04-30 |
| FPE | $235M | 3.69% | $6.4B | 2026-04-30 |
| SCHM | $229M | 1.57% | $14.6B | 2026-05-31 |
| SCHA | $228M | 1.00% | $22.8B | 2026-05-31 |
| SDVY | $207M | 1.82% | $11.4B | 2026-06-30 |
Quarter by quarter
Pooled share and dollars across all comparable funds filing in each quarter. The fund count grows over time; compare the share, not the count.
| Quarter | Share | Dollars | Funds pooled |
|---|---|---|---|
| 2019Q3 | 0.50% | $15.7B | 222 |
| 2019Q4 | 0.48% | $26.8B | 645 |
| 2020Q1 | 0.25% | $13.0B | 651 |
| 2020Q2 | 0.16% | $8.7B | 684 |
| 2020Q3 | 0.16% | $9.3B | 700 |
| 2020Q4 | 0.17% | $10.9B | 711 |
| 2021Q1 | 0.18% | $12.5B | 720 |
| 2021Q2 | 0.17% | $12.9B | 728 |
| 2021Q3 | 0.16% | $12.9B | 740 |
| 2021Q4 | 0.16% | $13.7B | 752 |
| 2022Q1 | 0.14% | $11.8B | 762 |
| 2022Q2 | 0.15% | $10.6B | 764 |
| 2022Q3 | 0.13% | $9.4B | 790 |
| 2022Q4 | 0.14% | $10.5B | 800 |
| 2023Q1 | 0.14% | $11.2B | 817 |
| 2023Q2 | 0.14% | $11.2B | 823 |
| 2023Q3 | 0.14% | $12.0B | 839 |
| 2023Q4 | 0.13% | $11.6B | 868 |
| 2024Q1 | 0.13% | $12.2B | 883 |
| 2024Q2 | 0.12% | $12.4B | 880 |
| 2024Q3 | 0.13% | $14.1B | 902 |
| 2024Q4 | 0.13% | $14.3B | 900 |
| 2025Q1 | 0.12% | $13.7B | 926 |
| 2025Q2 | 0.11% | $13.5B | 928 |
| 2025Q3 | 0.11% | $14.7B | 947 |
| 2025Q4 | 0.11% | $15.9B | 953 |
| 2026Q1 | 0.14% | $19.6B | 951 |
| 2026Q2 | 0.14% | $22.4B | 962 |
Definitions
- Country is the filing's invCountry, the issuer's country as the filer reports it. It follows incorporation, not revenue or listing.
- Weights are on the fund's own investments: securities-lending cash collateral removed, remainder renormalised (ex-collateral-v2). † marks funds outside the comparability rules; their weights are shown but they are left out of the pooled figures.
- Only US-registered funds file N-PORT. Money from funds registered elsewhere is not in these numbers.
- Machine-readable: /data/countries/BM.json (every fund, every period) · pooled series.
Cite this
Mulden. (2026). Bermuda in US-registered funds (SEC Form N-PORT). Retrieved 2026-09-19 from https://themulden.com/world/bm/
Select the line above to copy. CC BY 4.0 — attribution required, no permission needed.