# Portfolio overlap — APPLX vs SMILX

Comparing **APPLESEED FUND** (2025-12-31) and **SMI MULTI-STRATEGY FUND** (2026-04-30).

- Shared positions: 1
- APPLESEED FUND covered by SMI MULTI-STRATEGY FUND: 0.08393626379529188016043208992
- SMI MULTI-STRATEGY FUND covered by APPLESEED FUND: 0.08393626379529188016043208992

## APPLESEED FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MONEY MARKET FUND | 0.808886 |  |
| Sprott Physical Gold Trust USD Class | 0.083936 | ✓ |
| VanEck Merk Gold ETF | 0.040554 |  |
| SHS BEN INT | 0.019417 |  |
| Bollore SE EUR0.16 | 0.016519 |  |
| Sprott Physical Uranium Trust | 0.015227 |  |
| US ULTRA BOND CBT Sep25 | 0.009777 |  |
| Diana Shipping, Inc. | 0.005680 |  |
| Moscow Exchange MICEX-RTS PJSC RUB1(RUB) | 0.000003 |  |
| SBERBANK OF RUSSIA /USD/OFAC FAIL/ 0.00000000 | 0.000000 |  |

## SMI MULTI-STRATEGY FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| iShares Trust RUSSELL 1000 VALUE ETF | 0.114276 |  |
| SMI 3Fourteen Full-Cycle Trend ETF | 0.105492 |  |
| Sprott Physical Gold Trust USD Class | 0.085058 | ✓ |
| SMI 3Fourteen REAL Asset Allocation ETF | 0.066864 |  |
| BNYM-US L/C COR | 0.065782 |  |
| State Street SPDR S&P Metals & Mining ETF | 0.060893 |  |
| USCF SUMMERHAVEN DYNAMIC ETF MUTUAL FUND | 0.054381 |  |
| Aegis Value Class I | 0.053635 |  |
| ISHARES MSCI EMR MRK EX CHNA MUTUAL FUND | 0.050055 |  |
| First Trust Developed Markets ex-US AlphaDEX Fund | 0.042895 |  |
| iShares Trust RUSSELL 2000 VALUE ETF | 0.041920 |  |
| ISHARES MSCI EAFE ETF MUTUAL FUND | 0.034179 |  |
| OPTION | 0.032578 |  |
| Cambria Global Value ETF | 0.022513 |  |
| Needham Small Cap Growth Class I | 0.020374 |  |
| SCHWAB LONG TERM U S TREASURY ETF | 0.012420 |  |
| TECHNOLOGY SELECT SECT SPDR MUTUAL FUND | 0.011469 |  |
| SCHWAB HIGH YIELD BOND ETF | 0.010757 |  |
| iShares Trust IBOXX USD INVST GRADE CORP | 0.010714 |  |
| STATE STREET ENERGY SELECT SECTOR SPDR ETF MUTUAL FUND | 0.010546 |  |
| Simplify DBi CTA Managed Futures Index ETF USD Class | 0.010463 |  |
| SCHWAB INTL EQUITY ETF MUTUAL FUND | 0.007825 |  |
| iShares JP Morgan USD Em Mkts Bd ETF | 0.007296 |  |
| VANGUARD SM-C ET | 0.007155 |  |
| ProShares S&P 500 Dividend Aristocrats ETF | 0.006965 |  |
| UTILITIES SELECT SECTOR SPDR MUTUAL FUND | 0.006730 |  |
| SCHWAB U.S. TIPS ETF MUTUAL FUND | 0.005385 |  |
| State StreetFinSelSectSPDRETF | 0.003722 |  |
| STATE STREET REAL ESTATE SELECT SECTOR SPDR ETF MUTUAL FUND | 0.003638 |  |
| VANGUARD ENERGY ETF VANGUARD ENERGY ETF | 0.003632 |  |
| Franklin FTSE Europe ETF | 0.003526 |  |
| Franklin Templeton ETF Trust FTSE JAPAN ETF | 0.003470 |  |
| Grayscale Bitcoin Mini Trust ETF | 0.003431 |  |
| STATE STREET CONSUMER DISCRETIONARY SELECT S SPDR | 0.003380 |  |
| State Street Communication Services Select Sector SPDR ETF | 0.003209 |  |
| State Street Industrial Select Sector SPDR ETF USD Class | 0.002849 |  |
| State Street Health Care Select Sector SPDR ETF USD Class | 0.002705 |  |
| iShares Core U.S. REIT ETF - Class USD INC | 0.002042 |  |
| STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF MUTUAL FUND | 0.001807 |  |
| State Street Consumer Staples Select Sector SPDR ETF | 0.001763 |  |
| MONEY MARKET FUND | 0.001405 |  |
| STATE STREET MATERIALS SELECT SECTOR SPDR ETF MUTUAL FUND | 0.000647 |  |
| Lord Abbett Developing Growth Fund Inc | 0.000067 |  |
| Invesco Oppenheimer International Small-Mid Co Fnd | 0.000060 |  |
| Wasatch International Growth Fund | 0.000026 |  |


## Sources

- N-PORT (fund A) — accession `0000910472-26-002398` (as of 2025-12-31)
  <https://www.sec.gov/Archives/edgar/data/1199046/000091047226002398/0000910472-26-002398-index.htm>
- N-PORT (fund B) — accession `0000910472-26-010117` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/1437249/000091047226010117/0000910472-26-010117-index.htm>

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