# Portfolio overlap — ACSIX vs TOWFX Comparing **Arena Strategic Income Fund** (2026-04-30) and **Towpath Focus Fund** (2026-02-28). - Shared positions: 1 - Arena Strategic Income Fund covered by Towpath Focus Fund: 0.05484701384617236841279331502 - Towpath Focus Fund covered by Arena Strategic Income Fund: 0.05484701384617236841279331502 ## Arena Strategic Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | FMR-TREASURY-III | 0.054847 | ✓ | | IEP 9.75 01/15/29 | 0.025189 | | | Zywave_Pfd Equity | 0.025122 | | | Windstream Services LLC / Windstream Escrow Finance Corp. | 0.021092 | | | LENDINGTREE LLC | 0.020780 | | | CITGO PETROLEUM CORP SR SECURED 144A 01/29 8.375 | 0.020186 | | | VSCO 4.625 07/15/29 144A | 0.019429 | | | CONSENSUS CLOUD SOLUTIONS INC COMPANY GUAR 144A 10/28 6.5 | 0.019039 | | | PG&E Corporation, Convertible | 0.018765 | | | URI 6 12/15/29 144A | 0.017765 | | | Likewize Corp. | 0.017713 | | | RAND PARENT LLC SR SECURED 144A 02/30 8.5 | 0.016752 | | | ALLWYN ENTERTAINMENT FIN SR SECURED 144A 04/29 7.875 | 0.016576 | | | YAHOO MEDIA TERM B1 1LN 09/01/2027 | 0.016494 | | | KEHEFO 9 02/15/29 144A | 0.016313 | | | RADIOLOGY PARTNERS INC SECURED 144A 02/30 9.781 | 0.015681 | | | SATS 6.75 11/30/30 | 0.014327 | | | ASURION TERM B12 1LN 09/19/2030 | 0.014077 | | | INNOVATE CORP REGD 144A P/P 10.50000000 | 0.014070 | | | LASERSHIP PIK TERM B 1LN 08/10/2029 | 0.013937 | | | PBF Holding Company LLC | 0.013730 | | | 1011778 BC ULC | 0.012579 | | | AMC Entertainment Holdings, Inc. , Term Loan | 0.012162 | | | NRG ENERGY INC REGD 144A P/P 5.75000000 | 0.012007 | | | Kronos International, Inc. | 0.011991 | | | NCR Atleos Corp | 0.011774 | | | AMCX 10.5 07/15/32 144A | 0.011399 | | | CSG SYSTEMS INTL INC CONV 3.875% 09/15/2028 | 0.011042 | | | TUTOR PERINI CRP | 0.010687 | | | VSAT TL B 1L USD | 0.010557 | | | SGMS 7 1/4 11/15/29 | 0.010289 | | | Spectrum Brands Incorporated 3.375%, Due 06/01/2029 | 0.010282 | | | Directv Financing LLC | 0.010231 | | | Block, Inc. | 0.010072 | | | HUGHES SATELLITE SYSTEMS SR SECURED 08/26 5.25 | 0.010047 | | | Numericable U.S. LLC | 0.009723 | | | ORACLE CORP | 0.009679 | | | Directv Financing LLC / Directv Financing Co-Obligor Inc. | 0.009486 | | | XYZ 2.75 06/01/26 | 0.009460 | | | MONEYMKT | 0.009157 | | | XPLR INFRASTRUCTURE LP REGD 144A P/P CONVERTIBLE 2.50000000 | 0.009028 | | | EyeCare Partners LLC 2024 Superpriority New Money 1st Out Term Loan A | 0.009004 | | | ALTA EQUIPMENT GROUP SECURED 144A 06/29 9 | 0.008638 | | | TGNA 7.25 09/15/27 | 0.008422 | | | CVR ENERGY INC SR UNSECURED 144A 02/31 7.5 | 0.008152 | | | K HOVNANIAN ENTS. I 8.00% | 0.008117 | | | AMSSW 12.25 03/30/29 144A | 0.008051 | | | FYBR 5 05/01/28 144A | 0.008045 | | | CARS.COM INC REGD 144A P/P 6.37500000 | 0.007914 | | | T/L DELIVERY HERO SE REGD 0.00000000 | 0.007865 | | ## Towpath Focus Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | FMR-TREASURY-III | 0.129986 | ✓ | | ALPHABET INC CL A | 0.094811 | | | MCKESSON CORP | 0.062616 | | | BANK OF NEW YORK MELLON CORP | 0.061677 | | | SHELL PLC SPONS ADR | 0.045016 | | | Novartis AG | 0.043989 | | | TAPESTRY INC | 0.043023 | | | CENCORA INC | 0.040174 | | | BANK OF AMERICA CORPORATION | 0.030717 | | | GSK plc SPONSORED ADR | 0.029116 | | | VALERO ENERGY CORP | 0.028993 | | | GILEAD SCIENCES INC | 0.028982 | | | AMGEN INC | 0.028644 | | | BRISTOL-MYERS SQUIBB CO | 0.023678 | | | JOHNSON&JOHNSON | 0.022200 | | | PRESTIGE CONSUMER HEALTHCARE INC | 0.021940 | | | CHUBB LTD | 0.021616 | | | THE BOOKING HOLDINGS INC | 0.021019 | | | SCHWAB CHARLES CORP | 0.020499 | | | EBAY INC | 0.019827 | | | BHP Group Ltd. SPONSORED ADS | 0.019399 | | | KROGER CO | 0.019376 | | | Common Stock | 0.018411 | | | COCA-COLA CO/THE | 0.016810 | | | Ituran Location & Control Ltd. | 0.016198 | | | GENTEX CORP | 0.014442 | | | ROSS STORES INC | 0.013930 | | | AMAZON.COM INC | 0.013136 | | | UNITED NATURAL FOODS INC | 0.009527 | | | ADOBE INC | 0.008888 | | | MAPLEBEAR INC | 0.007569 | | | SOUTHERN MISSOURI BANCORP INC | 0.007531 | | | STEVEN MADDEN LTD | 0.006244 | | | OLD SECOND BNCRP | 0.004580 | | | TORRID HOLDINGS INC | 0.004309 | | | PAYSAFE LTD COMMON STOCK USD.0001 | 0.001128 | | ## Sources - N-PORT (fund A) — accession `0001193125-26-288649` (as of 2026-04-30) - N-PORT (fund B) — accession `0001162044-26-000397` (as of 2026-02-28) --- _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._ _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._ _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. See _