# Portfolio overlap — AMFNX vs FAAR

Comparing **Virtus AlphaSimplex Managed Futures Strategy Fund** (2026-03-31) and **First Trust Alternative Absolute Return Strategy ETF** (2026-03-31).

- Shared positions: 11
- Virtus AlphaSimplex Managed Futures Strategy Fund covered by First Trust Alternative Absolute Return Strategy ETF: 0.1773551836640400937177804736
- First Trust Alternative Absolute Return Strategy ETF covered by Virtus AlphaSimplex Managed Futures Strategy Fund: 0.1773551836640400937177804736

## Virtus AlphaSimplex Managed Futures Strategy Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| DREY-GVT CSH-I | 0.084164 | ✓ |
| Skandinaviska Enskilda Banken AB | 0.054828 |  |
| Bank of Montreal/Chicago IL | 0.047820 |  |
| U.S. Treasury Bills | 0.047771 |  |
| MUFG BK LTD N Y BRH CD 3.71% 26 | 0.041236 |  |
| ROYAL BK CDA N Y BRH INSTL 22APR26 | 0.038259 |  |
| Westpac Banking Corp/NY | 0.038254 |  |
| DG BK N Y BRH CD 3.8% 26 | 0.035847 |  |
| Sumitomo Mitsui Trust Bank Ltd New York Branch 3.75% CP 25/06/2026 | 0.035836 |  |
| TORONTO DOMINION BK | 0.032275 |  |
| Bank of Nova Scotia/Houston | 0.029887 |  |
| DNB NOR BK ASA NEW YORK BRH CD 3.71% 26 | 0.029882 |  |
| OVERSEA CHINESE BK CD 3.76% 26 | 0.029870 |  |
| U.S. Treasury Bills | 0.029794 | ✓ |
| U.S. Treasury Bills | 0.029648 |  |
| Svenska Handelsbanken AB New York Branch 3.79% CP 04/09/2026 | 0.025089 |  |
| FIRST ABU DHABI BK USA N V CD 3.97% 26 | 0.024506 |  |
| Credit Agricole Corporate and Investment Bank 3.98% CP 25/09/2026 | 0.023905 |  |
| U.S. Treasury Bills | 0.023902 |  |
| U.S. Treasury Bills | 0.023869 | ✓ |
| U.S. Treasury Bills | 0.023823 |  |
| WTI CRUDE | 0.021585 | ✓ |
| CREDIT AGRICOLE CORP & INVT BK CD 4.05% 26 | 0.019133 |  |
| Sumitomo Mitsui Trust Bank Ltd New York Branch 3.95% CP 01/07/2026 | 0.017927 |  |
| U.S. Treasury Bills | 0.017918 |  |
| U.S. Treasury Bills | 0.017905 |  |
| BNP Paribas SA New York Branch 3.85% CP 13/07/2026 | 0.015537 |  |
| DNB Bank Asa New York Branch 3.67% CP 13/07/2026 | 0.014336 |  |
| Banque et Caisse d'Epargne de l'Etat | 0.014249 |  |
| SWEDBANK SPARBANKEN SVENGE AB CD 3.98% 26 | 0.012543 |  |
| NORDEA BK ABP NEW YORK BRH CD 3.7% 26 | 0.012543 |  |
| U.S. Treasury Bills | 0.011928 |  |
| U.S. Treasury Bills | 0.011926 |  |
| U.S. Treasury Bills | 0.011920 |  |
| MIZUHO BK LTD NEW YORK BRH CD 3.78% 26 | 0.010749 |  |
| BRENT CRUDE FUTR  JUN26 IFEU 20260430 | 0.008688 | ✓ |
| Low Su Gasoil G   May26 | 0.007705 | ✓ |
| WHEAT (CBT) | 0.004846 | ✓ |
| LME ZINC | 0.004805 | ✓ |
| XAV HEALTH CARE | 0.004058 | ✓ |
| ZAR/USD FORWARD | 0.001949 |  |
| EURO-SCHATZ FUT JUN26 DUM6 | 0.001253 |  |
| SILVER SEP 26 | 0.000967 | ✓ |
| NIKKEI 225 (SGX) | 0.000956 |  |
| Commonwealth of Australia | 0.000885 |  |
| IFSC NIFTY 50 | 0.000821 |  |
| Short-Term Euro-BTP | 0.000661 |  |
| 2-Year T-Note Futures, Jun-2026,ETH | 0.000619 |  |
| EURO-BOBL FUTURE  JUN26 | 0.000362 |  |
| JAPAN GOVT 10-YR | 0.000231 |  |

## First Trust Alternative Absolute Return Strategy ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MSILF Treasury Portfolio, Class Institutional | 0.277118 |  |
| DREY-GVT CSH-I | 0.277118 | ✓ |
| U.S. Treasury Bills | 0.099865 |  |
| U.S. Treasury Bills | 0.075357 | ✓ |
| U.S. Treasury Bills | 0.075251 | ✓ |
| UST BILLS 0% 05/14/2026 | 0.075144 |  |
| U.S. Treasury Bills | 0.075002 |  |
| WTI CRUDE | 0.020435 | ✓ |
| BRENT CRUDE FUTR  JUN26 IFEU 20260430 | 0.013426 | ✓ |
| WHEAT (CBT) | 0.004361 | ✓ |
| XAV HEALTH CARE | 0.002297 | ✓ |
| LME ZINC | 0.002067 | ✓ |
| Low Su Gasoil G   May26 | 0.001301 | ✓ |
| WORLDCLIMATE PARI MAR26 | 0.001070 | ✓ |
| SILVER SEP 26 | 0.000188 | ✓ |


## Sources

- N-PORT (fund A) — accession `0000940400-26-023142` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1589756/000094040026023142/0000940400-26-023142-index.htm>
- N-PORT (fund B) — accession `0000940400-26-021780` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1561785/000094040026021780/0000940400-26-021780-index.htm>

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