World through ETFs · PA
Panama
In the quarter ending 2026Q2, 0.01% of the pooled net assets of 962 comparable US-registered funds sat in issuers filed as Panama-domiciled — about $2.0B. That is −0.01 pp against 2025Q2 and −0.03 pp against 2019Q4. 93 funds in the archive hold something here at their latest filing.
Read with care. Panama 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 Panama
40Share of each fund's own investments (collateral excluded) filed as Panama-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 | 4.81% | 2026-05-31 | 8.48% (2019-11-30) | −3.67 pp |
| EMB | 3.20% | 2026-04-30 | 2.08% (2019-10-31) | +1.12 pp |
| PCY | 2.98% | 2026-04-30 | 2.54% (2019-10-31) | +0.44 pp |
| XEMD | 2.37% | 2026-04-30 | 1.10% (2022-07-31) | +1.27 pp |
| VWOB | 2.15% | 2026-04-30 | 1.69% (2019-10-31) | +0.46 pp |
| SPGP | 1.96% | 2026-04-30 | 0.74% (2019-10-31) | +1.22 pp |
| OSCV | 1.13% | 2026-04-30 | 0.97% (2024-04-30) | +0.16 pp |
| HYBB | 0.99% | 2026-04-30 | 0.80% (2020-10-31) | +0.19 pp |
| HYLS | 0.53% | 2026-04-30 | 0.12% (2025-01-31) | +0.41 pp |
| FSIG | 0.51% | 2026-04-30 | 0.59% (2025-07-31) | −0.08 pp |
| IYC | 0.50% | 2026-04-30 | 0.04% (2021-10-31) | +0.46 pp |
| CGNG | 0.48% | 2026-05-31 | 0.52% (2024-08-31) | −0.04 pp |
| FVAL | 0.48% | 2026-04-30 | 0.48% (2026-04-30) | +0.00 pp |
| JETS | 0.48% | 2026-06-30 | 1.01% (2020-03-31) | −0.53 pp |
| FDIS | 0.45% | 2026-04-30 | 0.58% (2019-10-31) | −0.13 pp |
| FALN | 0.44% | 2026-04-30 | 2.58% (2020-07-31) | −2.14 pp |
| BSVO | 0.43% | 2026-06-30 | 0.13% (2023-03-31) | +0.30 pp |
| FIIG | 0.40% | 2026-04-30 | 0.54% (2025-07-31) | −0.14 pp |
| AGGY | 0.36% | 2026-05-31 | 0.25% (2019-11-30) | +0.11 pp |
| GTO | 0.36% | 2026-04-30 | 0.82% (2019-10-31) | −0.46 pp |
| RECS | 0.35% | 2026-04-30 | 0.03% (2020-01-31) | +0.32 pp |
| CGIC | 0.33% | 2026-05-31 | 0.43% (2024-08-31) | −0.10 pp |
| FTC | 0.33% | 2026-04-30 | 0.33% (2026-04-30) | +0.00 pp |
| VLUE | 0.33% | 2026-04-30 | 0.36% (2025-07-31) | −0.03 pp |
| SMLF | 0.30% | 2026-04-30 | 0.02% (2023-07-31) | +0.28 pp |
| HELO | 0.24% | 2026-04-30 | 0.17% (2025-01-31) | +0.07 pp |
| BLV | 0.23% | 2026-06-30 | 0.23% (2019-09-30) | +0.00 pp |
| DUHP | 0.22% | 2026-04-30 | 0.21% (2025-07-31) | +0.01 pp |
| EMHY | 0.22% | 2026-04-30 | 0.10% (2023-10-31) | +0.12 pp |
| XAGG† | 0.22% | 2026-06-30 | 0.23% (2026-03-31) | −0.01 pp |
| IMCB | 0.21% | 2026-04-30 | 0.25% (2021-04-30) | −0.04 pp |
| JHSC | 0.20% | 2026-06-30 | 0.25% (2019-10-31) | −0.05 pp |
| JVAL | 0.20% | 2026-04-30 | 0.46% (2019-10-31) | −0.26 pp |
| RSP | 0.20% | 2026-04-30 | 0.17% (2019-10-31) | +0.03 pp |
| SIZE | 0.18% | 2026-04-30 | 0.11% (2022-07-31) | +0.07 pp |
| DFAT | 0.17% | 2026-04-30 | 0.06% (2021-07-31) | +0.11 pp |
| DFSV | 0.17% | 2026-04-30 | 0.03% (2024-01-31) | +0.14 pp |
| EUSB | 0.16% | 2026-05-31 | 0.19% (2020-11-30) | −0.03 pp |
| JFLX† | 0.16% | 2026-05-31 | 0.02% (2025-11-30) | +0.14 pp |
| EUSA | 0.15% | 2026-05-31 | 0.11% (2022-08-31) | +0.04 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 Panama than a 100% slice of a small one; both views are on this page for that reason. Comparable funds only.
| Fund | Dollars in Panama | Weight | Fund net assets | As of |
|---|---|---|---|---|
| EMB | $464M | 3.20% | $14.5B | 2026-04-30 |
| BND | $397M | 0.10% | $397.1B | 2026-06-30 |
| RSP | $176M | 0.20% | $87.9B | 2026-04-30 |
| VWOB | $139M | 2.15% | $6.5B | 2026-04-30 |
| AGG | $136M | 0.10% | $136.5B | 2026-05-31 |
| IWM | $50M | 0.06% | $83.0B | 2026-06-30 |
| DFAC | $49M | 0.11% | $44.5B | 2026-04-30 |
| IUSB | $48M | 0.13% | $36.5B | 2026-04-30 |
| SPGP | $43M | 1.96% | $2.2B | 2026-04-30 |
| PCY | $41M | 2.98% | $1.4B | 2026-04-30 |
| VLUE | $40M | 0.33% | $12.0B | 2026-04-30 |
| BSV | $28M | 0.04% | $69.8B | 2026-06-30 |
| EPU | $26M | 4.81% | $531M | 2026-05-31 |
| DUHP | $25M | 0.22% | $11.3B | 2026-04-30 |
| DFAT | $23M | 0.17% | $13.7B | 2026-04-30 |
| XEMD | $22M | 2.37% | $909M | 2026-04-30 |
| BLV | $20M | 0.23% | $8.7B | 2026-06-30 |
| RECS | $19M | 0.35% | $5.4B | 2026-04-30 |
| IEMG | $16M | 0.01% | $162.0B | 2026-05-31 |
| IWN | $16M | 0.11% | $14.5B | 2026-06-30 |
| DFSV | $13M | 0.17% | $7.5B | 2026-04-30 |
| CGNG | $11M | 0.48% | $2.4B | 2026-05-31 |
| DFAS | $11M | 0.08% | $14.0B | 2026-04-30 |
| SMLF | $11M | 0.30% | $3.6B | 2026-04-30 |
| BSVO | $10M | 0.43% | $2.4B | 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 | 0.05% | $1.7B | 222 |
| 2019Q4 | 0.04% | $2.3B | 645 |
| 2020Q1 | 0.02% | $1.1B | 651 |
| 2020Q2 | 0.02% | $1.1B | 684 |
| 2020Q3 | 0.02% | $1.5B | 700 |
| 2020Q4 | 0.03% | $1.7B | 711 |
| 2021Q1 | 0.03% | $1.9B | 720 |
| 2021Q2 | 0.03% | $2.1B | 728 |
| 2021Q3 | 0.03% | $2.1B | 740 |
| 2021Q4 | 0.02% | $1.9B | 752 |
| 2022Q1 | 0.02% | $1.8B | 762 |
| 2022Q2 | 0.02% | $1.5B | 764 |
| 2022Q3 | 0.02% | $1.5B | 790 |
| 2022Q4 | 0.02% | $1.5B | 800 |
| 2023Q1 | 0.02% | $1.8B | 817 |
| 2023Q2 | 0.02% | $2.0B | 823 |
| 2023Q3 | 0.02% | $2.0B | 839 |
| 2023Q4 | 0.02% | $1.9B | 868 |
| 2024Q1 | 0.02% | $2.0B | 883 |
| 2024Q2 | 0.02% | $2.1B | 880 |
| 2024Q3 | 0.02% | $2.2B | 902 |
| 2024Q4 | 0.02% | $2.4B | 900 |
| 2025Q1 | 0.02% | $2.3B | 926 |
| 2025Q2 | 0.02% | $2.5B | 928 |
| 2025Q3 | 0.02% | $2.8B | 947 |
| 2025Q4 | 0.02% | $3.2B | 953 |
| 2026Q1 | 0.02% | $3.5B | 951 |
| 2026Q2 | 0.01% | $2.0B | 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/PA.json (every fund, every period) · pooled series.
Cite this
Mulden. (2026). Panama in US-registered funds (SEC Form N-PORT). Retrieved 2026-09-19 from https://themulden.com/world/pa/
Select the line above to copy. CC BY 4.0 — attribution required, no permission needed.