# Portfolio overlap — ECSWX vs FARYX Comparing **Embark Commodity Strategy Fund** (2026-01-31) and **Fulcrum Diversified Absolute Return Fund** (2026-03-31). - Shared positions: 15 - Embark Commodity Strategy Fund covered by Fulcrum Diversified Absolute Return Fund: 0.2255252259832756265231453387 - Fulcrum Diversified Absolute Return Fund covered by Embark Commodity Strategy Fund: 0.2255252259832756265231453387 ## 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 | | ## Fulcrum Diversified Absolute Return Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | USDpZARc Digi 17.50 DKO | 0.123717 | | | U.S. Treasury Bills | 0.067686 | ✓ | | U.S. Treasury Bills | 0.059997 | ✓ | | U.S. Treasury Bills | 0.052349 | ✓ | | United States Treasury Bill | 0.052118 | | | U.S. Treasury Bills | 0.049758 | ✓ | | U.S. Treasury Bills | 0.048342 | | | U.S. Treasury Bills | 0.040365 | ✓ | | U.S. Treasury Bills | 0.040225 | ✓ | | U.S. Treasury Bills | 0.040055 | ✓ | | U.S. Treasury Bills | 0.039718 | ✓ | | U.S. Treasury Bills | 0.039215 | | | U.S. Treasury Bills | 0.038523 | ✓ | | U.S. Treasury Bills | 0.037636 | ✓ | | U.S. Treasury Bills | 0.035837 | | | U.S. Treasury Bills | 0.035609 | | | US ULTRA BOND CBT Sep25 | 0.032284 | | | MBONO 8 1/2 03/02/28 | 0.030885 | | | NVIDIA CORP | 0.007121 | | | APPLE INC | 0.006009 | | | MICROSOFT CORP | 0.004503 | | | WTI CRUDE SEP 26 | 0.004453 | ✓ | | WHEAT SEP 26 | 0.003919 | ✓ | | AMAZON.COM INC | 0.003263 | | | BROADCOM INC | 0.002958 | | | ALPHABET INC CL A | 0.002785 | | | ALPHABET INC CL C | 0.002378 | | | WALMART INC | 0.002296 | | | META PLATFORMS INC CL A | 0.002188 | | | JPMORGAN CHASE and CO | 0.002173 | | | LILLY ELI and CO | 0.001819 | | | Low Su Gasoil G May26 | 0.001810 | | | ZCS BRL 14.0087 05/12/25-01/04/27 CME | 0.001720 | ✓ | | SILVER SEP 26 | 0.001700 | ✓ | | TESLA INC | 0.001642 | | | Saab AB NPV B | 0.001585 | | | FTSE 250 Index FU Jun26 | 0.001556 | | | MCKESSON CORP | 0.001505 | | | VISA INC-CLASS A | 0.001453 | | | CENCORA INC | 0.001390 | | | MASTERCARD INC CL A | 0.001282 | | | PRYSMIAN SPA NPV | 0.001231 | | | Rheinmetall AG NPV | 0.001094 | | | JOHNSON&JOHNSON | 0.001076 | | | TRAVELERS COS IN | 0.001067 | | | DOLLARAMA INC | 0.001051 | | | BAKER HUGHES CO | 0.001032 | | | SONY GRP. CORP | 0.001016 | | | TRANE TECHNOLOGI | 0.000991 | | | REPUBLIC SVCS | 0.000977 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-033726` (as of 2026-01-31) - N-PORT (fund B) — accession `0000910472-26-007589` (as of 2026-03-31) --- _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 _