{
  "page": "compare",
  "query": {
    "a": "FAAAX",
    "b": "CWB"
  },
  "retrieved_at": "2026-07-07T18:23:15+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "K2 Alternative Strategies Fund",
    "ticker": "FAAAX",
    "slug": "FAAAX",
    "series_id": "S000042023",
    "html_url": "https://fundwatcher.app/funds/FAAAX/"
  },
  "fund_b": {
    "name": "State Street(R) SPDR(R) Bloomberg Convertible Securities ETF",
    "ticker": "CWB",
    "slug": "CWB",
    "series_id": "S000022925",
    "html_url": "https://fundwatcher.app/funds/CWB/"
  },
  "overlap": {
    "coverage_a_by_b": "0.1253068402567388414105523115",
    "coverage_b_by_a": "0.1253068402567388414105523115",
    "shared_count": 146,
    "as_of": {
      "a": "2026-02-27",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "DREYFUS QII GOV CASH 289",
        "value": "47194733.50",
        "weight": "0.08969819",
        "shared": false
      },
      {
        "name": "FIDELITY GOVERNMENT PORTFOLIO FRGXX 1.85% 8/24/2018 - Extendable",
        "value": "41400873.08",
        "weight": "0.07868639",
        "shared": false
      },
      {
        "name": "DREY-GVT CSH-I",
        "value": "39199611.71",
        "weight": "0.07450268",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "14984891.70",
        "weight": "0.02848025",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "13946541.42",
        "weight": "0.02650676",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "11970987.96",
        "weight": "0.02275203",
        "shared": false
      },
      {
        "name": "WESTERN DIGITAL CORPORATION SR UNSEC CV 3.0% 11-15-28",
        "value": "8916584.30",
        "weight": "0.01694684",
        "shared": true
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "7452336.69",
        "weight": "0.01416389",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "6028750.83",
        "weight": "0.01145823",
        "shared": false
      },
      {
        "name": "Lumentum Holdings, Inc.",
        "value": "5455447.50",
        "weight": "0.01036861",
        "shared": true
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "4974895.85",
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      },
      {
        "name": "US TREASURY N/B",
        "value": "4720262.97",
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        "shared": false
      },
      {
        "name": "Bloom Energy Corporation",
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        "weight": "0.00772557",
        "shared": false
      },
      {
        "name": "STX 3.5 06/01/28",
        "value": "4051840.25",
        "weight": "0.00770092",
        "shared": true
      },
      {
        "name": "BLOOM ENERGY CORP SR UNSECURED 06/29 3",
        "value": "3919500.00",
        "weight": "0.00744939",
        "shared": false
      },
      {
        "name": "InterDigital, Inc., Convertible",
        "value": "3835980.00",
        "weight": "0.00729065",
        "shared": true
      },
      {
        "name": "UST BILLS 0% 05/14/2026",
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      },
      {
        "name": "US TREASURY N/B",
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      },
      {
        "name": "IREN Ltd., Series IREN",
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      },
      {
        "name": "MASTEC INC",
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      },
      {
        "name": "CONSTELLATION ENERGY CORP",
        "value": "2794413.48",
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      },
      {
        "name": "MERCK & CO",
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      },
      {
        "name": "CVS HEALTH CORP",
        "value": "2670258.00",
        "weight": "0.00507509",
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      },
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        "name": "XCEL ENERGY INC",
        "value": "2484128.00",
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      },
      {
        "name": "U.S. Treasury Bills",
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        "shared": false
      },
      {
        "name": "LONZA GROUP -REG",
        "value": "2467091.03",
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      },
      {
        "name": "NEXTERA ENERGY INC",
        "value": "2340030.35",
        "weight": "0.00444746",
        "shared": false
      },
      {
        "name": "MITSUB ELEC CORP",
        "value": "2271867.67",
        "weight": "0.00431791",
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      },
      {
        "name": "US TREASURY N/B",
        "value": "2245775.00",
        "weight": "0.00426831",
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      },
      {
        "name": "EDWARDS LIFESCIENCES CORP",
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        "name": "FIRSTENERGY CORP",
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        "name": "ENTERGY CORP",
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        "name": "MIDCAP FINL ISSU 11/01/27",
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        "name": "AGILENT TECHNOLOGIES INC",
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      },
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        "name": "U.S. Treasury Bills",
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        "weight": "0.00377860",
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      },
      {
        "name": "ARGENX SE SPONSORED ADR",
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        "weight": "0.00376062",
        "shared": false
      },
      {
        "name": "FUTURE - CASH SETTLED",
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        "shared": false
      },
      {
        "name": "ABBOTT LABS",
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        "weight": "0.00366597",
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      },
      {
        "name": "SATS 3.875 11/30/30",
        "value": "1928013.75",
        "weight": "0.00366438",
        "shared": false
      },
      {
        "name": "BEONE MEDICINES LTD ADR",
        "value": "1815401.73",
        "weight": "0.00345035",
        "shared": false
      },
      {
        "name": "PROVINCIA DE BUENOS AIRES/GOVERNMENT BONDS MTN 6.625000% 09/01/2037",
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        "weight": "0.00342617",
        "shared": false
      },
      {
        "name": "LILLY ELI and CO",
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        "weight": "0.00340299",
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      },
      {
        "name": "VAXCYTE INC",
        "value": "1787064.30",
        "weight": "0.00339649",
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      },
      {
        "name": "SCHOLAR ROCK HOLDING CORP",
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        "shared": false
      },
      {
        "name": "Nebius Group NV",
        "value": "1716162.00",
        "weight": "0.00326173",
        "shared": true
      },
      {
        "name": "TEVA PHARMACEUTICAL IND ADR",
        "value": "1686939.06",
        "weight": "0.00320619",
        "shared": false
      },
      {
        "name": "ROIVANT SCIENCES LTD",
        "value": "1627383.02",
        "weight": "0.00309300",
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      },
      {
        "name": "Nebius Group NV",
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        "weight": "0.00301549",
        "shared": true
      },
      {
        "name": "BOEING CO/THE",
        "value": "1584063.86",
        "weight": "0.00301067",
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      },
      {
        "name": "INSMED INC",
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      }
    ],
    "b_top": [
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        "name": "WESTERN DIGITAL CORPORATION SR UNSEC CV 3.0% 11-15-28",
        "value": "150021844.70",
        "weight": "0.03272015",
        "shared": true
      },
      {
        "name": "State Street Navigator Securities Lending Portfolio II",
        "value": "145811916.20",
        "weight": "0.03180195",
        "shared": false
      },
      {
        "name": "Boeing Co. (The), Conv. Pfd.",
        "value": "94384634.16",
        "weight": "0.02058553",
        "shared": false
      },
      {
        "name": "BABA 0.5 06/01/31",
        "value": "90813310.40",
        "weight": "0.01980662",
        "shared": false
      },
      {
        "name": "LUMENTUM HOLDINGS INC SR UNSECURED 12/29 1.5",
        "value": "74103802.50",
        "weight": "0.01616223",
        "shared": false
      },
      {
        "name": "Lumentum Holdings Inc., Conv.",
        "value": "71648744.40",
        "weight": "0.01562678",
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      },
      {
        "name": "Lumentum Holdings, Inc.",
        "value": "58931191.64",
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      },
      {
        "name": "Oracle Corp., Series D",
        "value": "58395974.00",
        "weight": "0.01273631",
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      },
      {
        "name": "Wells Fargo & Co., Series L, Conv. Pfd.",
        "value": "57301860.00",
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        "shared": false
      },
      {
        "name": "Bank of America Corp., Series L, Conv. Pfd.",
        "value": "47594481.08",
        "weight": "0.01038048",
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      },
      {
        "name": "ALBEMARLE CORP PFD",
        "value": "40244909.40",
        "weight": "0.00877752",
        "shared": false
      },
      {
        "name": "Lumentum Holdings, Inc.",
        "value": "40220902.23",
        "weight": "0.00877228",
        "shared": true
      },
      {
        "name": "GME 0 06/15/32",
        "value": "35544290.60",
        "weight": "0.00775230",
        "shared": true
      },
      {
        "name": "CRWV 1.75 12/01/31",
        "value": "33653752.96",
        "weight": "0.00733997",
        "shared": true
      },
      {
        "name": "BLOOM ENERGY CORP CONV 0% 11/15/2030 144A",
        "value": "33513547.40",
        "weight": "0.00730939",
        "shared": false
      },
      {
        "name": "DOORDASH INC SR UNSECURED 144A 05/30 0.0000",
        "value": "32912491.50",
        "weight": "0.00717830",
        "shared": true
      },
      {
        "name": "Akamai Technologies, Inc., Convertible",
        "value": "32312984.10",
        "weight": "0.00704754",
        "shared": true
      },
      {
        "name": "STRATEGY INC CONV 0% 12/01/2029 144A",
        "value": "32016780.00",
        "weight": "0.00698294",
        "shared": false
      },
      {
        "name": "MKS INC SR UNSECURED 06/30 1.25",
        "value": "29785719.86",
        "weight": "0.00649634",
        "shared": true
      },
      {
        "name": "NET 0 06/15/30",
        "value": "28654842.15",
        "weight": "0.00624969",
        "shared": true
      },
      {
        "name": "NEXTERA ENERGY INC PREFFERD STOCK",
        "value": "28628563.86",
        "weight": "0.00624396",
        "shared": false
      },
      {
        "name": "WELLTOWER OP LLC CV 144A SR UNSEC 2.75% 05-15-28",
        "value": "28275550.88",
        "weight": "0.00616697",
        "shared": false
      },
      {
        "name": "PG&E Corporation, Convertible",
        "value": "28238026.99",
        "weight": "0.00615879",
        "shared": true
      },
      {
        "name": "KKR & Company, Inc., Convertible, 6.250%",
        "value": "26798907.76",
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        "shared": false
      },
      {
        "name": "MPUS 3 03/01/30",
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      },
      {
        "name": "The Southern Company",
        "value": "26676600.00",
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      },
      {
        "name": "UBER TECHNOLOGIES INC SR UNSECURED 12/28 0.875",
        "value": "26466296.90",
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      },
      {
        "name": "JD.COM INC SR UNSECURED 06/29 0.25",
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      },
      {
        "name": "ZTS 0.25 06/15/29",
        "value": "25753592.34",
        "weight": "0.00561692",
        "shared": true
      },
      {
        "name": "Liberty Media Corporation",
        "value": "25455065.02",
        "weight": "0.00555182",
        "shared": true
      },
      {
        "name": "NextEra Energy Inc",
        "value": "24811108.50",
        "weight": "0.00541137",
        "shared": false
      },
      {
        "name": "HPE 7 5/8",
        "value": "24409035.76",
        "weight": "0.00532367",
        "shared": false
      },
      {
        "name": "Nebius Group NV 1.0%, Due 09/15/2030",
        "value": "24277551.20",
        "weight": "0.00529500",
        "shared": false
      },
      {
        "name": "NEBIUS GROUP NV CONV 2.75% 09/15/2032 144A",
        "value": "23898931.20",
        "weight": "0.00521242",
        "shared": false
      },
      {
        "name": "CHKP 0 12/15/30",
        "value": "23879962.20",
        "weight": "0.00520828",
        "shared": true
      },
      {
        "name": "GPN 1.5 03/01/31",
        "value": "23164444.98",
        "weight": "0.00505222",
        "shared": false
      },
      {
        "name": "STRATEGY INC CONV 0% 03/01/2030",
        "value": "22776341.50",
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      },
      {
        "name": "SOUTHERN CO/THE SR UNSECURED 144A 06/28 3.25",
        "value": "22150279.12",
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      },
      {
        "name": "RIVN 3.625 10/15/30",
        "value": "21814355.80",
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      },
      {
        "name": "MICROCHIP TECHNOLOGY INC SER A 7.5% PC 03/15/2028",
        "value": "21624045.93",
        "weight": "0.00471626",
        "shared": false
      },
      {
        "name": "APOLLO GLOBAL MANAGEMENT PFD",
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      },
      {
        "name": "NBIS 1.25 03/15/31",
        "value": "21458621.00",
        "weight": "0.00468018",
        "shared": false
      },
      {
        "name": "Welltower OP, LLC, Convertible",
        "value": "20970735.20",
        "weight": "0.00457377",
        "shared": true
      },
      {
        "name": "SUPER MICRO COMPUTER INC SR UNSECURED 144A 06/30 0.0000",
        "value": "20809382.80",
        "weight": "0.00453858",
        "shared": true
      },
      {
        "name": "SOFI TECHNOLOGIES INC CONV 1.25% 03/15/2029 144A",
        "value": "20711640.60",
        "weight": "0.00451726",
        "shared": true
      },
      {
        "name": "NEXTERA ENERGY INC PREFERRED STOCK 11/27 7.234",
        "value": "20201630.00",
        "weight": "0.00440603",
        "shared": false
      },
      {
        "name": "TRIP.COM GROUP LTD SR UNSECURED 06/29 0.75",
        "value": "20070305.45",
        "weight": "0.00437739",
        "shared": true
      },
      {
        "name": "EVRG 4.5 12/15/27",
        "value": "19989895.36",
        "weight": "0.00435985",
        "shared": true
      },
      {
        "name": "GME 0 04/01/30",
        "value": "19973068.50",
        "weight": "0.00435618",
        "shared": true
      },
      {
        "name": "STX 3.5 06/01/28",
        "value": "19950134.40",
        "weight": "0.00435118",
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      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000940400-26-014752",
      "as_of": "2026-02-27",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1535538/000094040026014752/0000940400-26-014752-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001410368-26-055595",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1064642/000141036826055595/0001410368-26-055595-index.htm"
    }
  ]
}