# Portfolio overlap — ECSWX vs ASMF

Comparing **Embark Commodity Strategy Fund** (2026-01-31) and **Virtus AlphaSimplex Managed Futures ETF** (2026-01-31).

- Shared positions: 11
- Embark Commodity Strategy Fund covered by Virtus AlphaSimplex Managed Futures ETF: 0.3193161732758869300398645191
- Virtus AlphaSimplex Managed Futures ETF covered by Embark Commodity Strategy Fund: 0.3193161732758869300398645191

## Embark Commodity Strategy Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| WI TREASURY SEC. 0.000000% 02/19/2026 | 0.109402 | ✓ |
| U.S. Treasury Bills | 0.082116 |  |
| U.S. Treasury Bills | 0.065344 |  |
| UST BILLS 0% 02/12/2026 | 0.060317 | ✓ |
| WIB 0 03/19/26 | 0.058036 | ✓ |
| U.S. Treasury Bills | 0.042106 |  |
| U.S. Treasury Bills | 0.035212 | ✓ |
| U.S. Treasury Bills | 0.031708 |  |
| ZINC FUTURES 3 MONTHS | 0.031023 |  |
| U.S. Treasury Bills | 0.030206 | ✓ |
| U.S. Treasury Bills | 0.029858 |  |
| U.S. Treasury Bills | 0.026162 |  |
| U.S. Treasury Bills | 0.023713 | ✓ |
| U.S. Treasury Bills | 0.022333 |  |
| WTI CRUDE SEP 26 | 0.021966 |  |
| U.S. Treasury Bills | 0.020223 |  |
| U.S. Treasury Bills | 0.019950 |  |
| U.S. Treasury Bills | 0.016552 | ✓ |
| SILVER SEP 26 | 0.014851 |  |
| U.S. Treasury Bills | 0.014826 |  |
| PURCHASED USD / SOLD EUR | 0.013125 |  |
| WTI CRUDE MAR 26 | 0.011353 | ✓ |
| U.S. Treasury Bills | 0.011324 |  |
| U.S. Treasury Bills | 0.011016 | ✓ |
| U.S. Treasury Bills | 0.010139 | ✓ |
| U.S. Treasury Bills | 0.010088 |  |
| U.S. Treasury Bills | 0.008411 |  |
| U.S. Treasury Bills | 0.005828 |  |
| U.S. Treasury Bills | 0.005570 |  |
| RBC DOM 8 REPO | 0.005137 |  |
| BANK OF AMERICA CORP SR UNSECURED 09/27 VAR | 0.004953 |  |
| AMERICAN EXPRESS CO SR UNSECURED 02/28 VAR | 0.004939 |  |
| AT&T INC | 0.004873 |  |
| MORGAN STANLEY B | 0.004361 |  |
| ZOOM COMMUNICATIONS INC CLASS A | 0.004356 |  |
| TRUIST BANK FRN SOFR+77 07/24/2028 | 0.004143 |  |
| BANK OF NEW YORK MELLON CORP THE | 0.004070 |  |
| US BANK NA CINCINNATI SR UNSECURED 05/28 VAR | 0.003739 |  |
| GENERAL ELECTRIC CO SR UNSECURED 05/26 VAR | 0.003662 |  |
| PHILIP MORRIS INTL INC FRN SOFR+83 04/28/2028 | 0.003611 |  |
| GOLDMAN SACHS GROUP INC (THE) FRN SOFR+185 03/15/2028 | 0.003576 |  |
| ORACLE CORP | 0.003418 |  |
| UNITEDHEALTH GRP. INC FRN | 0.003401 |  |
| CATERPILLAR FINL SVCS CORP FRN SOFR+52 05/14/2027 | 0.003339 |  |
| U.S. Treasury Bills | 0.003204 |  |
| Citigroup Inc. | 0.003163 |  |
| JOHN DEERE CAPITAL CORP SR UNSECURED 03/26 VAR | 0.003094 |  |
| NEXTERA ENERGY CAPITAL HOLDINGS INC VARIABLE RATE 02/04/2028 | 0.002982 |  |
| PNC Bank, National Association | 0.002881 |  |
| BOEING CO | 0.002767 |  |

## Virtus AlphaSimplex Managed Futures ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| XIB 0 03/03/26 | 0.103169 |  |
| U.S. Treasury Bills | 0.085852 |  |
| U.S. Treasury Bills | 0.085775 | ✓ |
| WI TREASURY SEC. 0.000000% 02/19/2026 | 0.079193 | ✓ |
| UST BILLS 0% 02/12/2026 | 0.068912 | ✓ |
| U.S. Treasury Bills | 0.068767 | ✓ |
| U.S. Treasury Bills | 0.051730 |  |
| U.S. Treasury Bills | 0.051720 | ✓ |
| U.S. Treasury Bills | 0.051694 |  |
| U.S. Treasury Bills | 0.051658 |  |
| U.S. Treasury Bills | 0.051611 | ✓ |
| U.S. Treasury Bills | 0.051548 |  |
| U.S. Treasury Bills | 0.051537 | ✓ |
| WIB 0 03/19/26 | 0.051501 | ✓ |
| U.S. Treasury Bills | 0.048180 | ✓ |
| XAV HEALTH CARE | 0.016211 |  |
| WORLDCLIMATE PARI MAR26 | 0.011017 | ✓ |
| Silver Futures Contracts | 0.009261 |  |
| TPX BANKS INDEX | 0.005601 |  |
| VSTOXX | 0.001764 |  |
| WTI CRUDE MAR 26 | 0.001102 | ✓ |
| WHEAT (CBT) | 0.000987 |  |
| SPI 200 | 0.000967 |  |
| WTI CRUDE | 0.000243 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-033726` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1994489/000141036826033726/0001410368-26-033726-index.htm>
- N-PORT (fund B) — accession `0000940400-26-012443` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1648403/000094040026012443/0000940400-26-012443-index.htm>

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