# Portfolio overlap — IPSAX vs NOVIX Comparing **IPS Strategic Capital Absolute Return Fund** (2026-02-28) and **Global Secured Options Portfolio** (2026-04-30). - Shared positions: 1 - IPS Strategic Capital Absolute Return Fund covered by Global Secured Options Portfolio: 0.5667256224960169481072041544 - Global Secured Options Portfolio covered by IPS Strategic Capital Absolute Return Fund: 0.5667256224960169481072041544 ## IPS Strategic Capital Absolute Return Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | WOLFSPEED INC | 0.767938 | ✓ | | Alpha Architect 1-3 Month Box ETF | 0.083894 | | | CALL ISHARES SILVER T 03/31/2023 C22.5 | 0.058104 | | | CALL SPDR GOLD SHARES 12/29/2023 C180 | 0.050122 | | | COPX Us 01/15/27 C41 | 0.028691 | | | MONEY MARKET FUND | 0.011242 | | | SPDR S&P 500 ETF Trust | 0.000010 | | ## Global Secured Options Portfolio — top positions | Security | Weight | Shared | |----------|--------|--------| | WOLFSPEED INC | 0.566726 | ✓ | | VANGUARD FTSE ALL WORLD EX US ETF | 0.153208 | | | ISHARES MSCI EMERGING MARKETS INDEX FUND | 0.146596 | | | ISHARES CORE MSCI EMERGING MUTUAL FUND | 0.052012 | | | Goldman Sachs Financial Square Treasury Obligations Fund | 0.051433 | | | United States Treasury Bill | 0.028761 | | | FIXED INC CLEARING CORP.REPO | 0.001265 | | ## Sources - N-PORT (fund A) — accession `0001413042-26-000295` (as of 2026-02-28) - N-PORT (fund B) — accession `0001410368-26-057088` (as of 2026-04-30) --- _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 _