# Portfolio overlap — RAZAX vs ACWI Comparing **Multi-Asset Strategy Fund** (2026-04-30) and **iShares MSCI ACWI ETF** (2026-01-31). - Shared positions: 627 - Multi-Asset Strategy Fund covered by iShares MSCI ACWI ETF: 0.3228041649831771776509634625 - iShares MSCI ACWI ETF covered by Multi-Asset Strategy Fund: 0.3228041649831771776509634625 ## Multi-Asset Strategy Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | U.S. Cash Management Fund | 0.064389 | | | APPLE INC | 0.012859 | ✓ | | ALPHABET INC CL A | 0.012106 | ✓ | | TSMC | 0.011554 | ✓ | | ZCS BRL 14.0087 05/12/25-01/04/27 CME | 0.010518 | ✓ | | MICROSOFT CORP | 0.010381 | ✓ | | NVIDIA CORP | 0.010319 | ✓ | | Stannaway Park Clo DAC | 0.007895 | | | SAMSUNG ELECTRONICS CO LTD | 0.007723 | ✓ | | TAIWAN SEMIC MFG CO LTD SP ADR | 0.007469 | | | AMAZON.COM INC | 0.006695 | ✓ | | OCP Euro Clo 2025-14 DAC | 0.005944 | | | Carlyle Euro CLO 2024-1 DAC | 0.005942 | | | BROADCOM INC | 0.005488 | ✓ | | BABA-W | 0.005325 | ✓ | | WELLTOWER INC | 0.005233 | ✓ | | Madison Park Funding LXXV Ltd | 0.005061 | | | Elmwood CLO 46 Ltd | 0.005060 | | | ALPHABET INC CL C | 0.004830 | ✓ | | RCKT Mortgage Trust 2025-CES11 | 0.004809 | | | SK HYNIX INC | 0.004775 | ✓ | | TENCENT HOLDINGS LTD | 0.004744 | ✓ | | Kinbane 2024-RPL 1 DAC | 0.004650 | | | PRPM 2025-RCF6 LLC PRPM 2025-RCF6 M2 | 0.004649 | | | ZOOM COMMUNICATIONS INC | 0.004483 | | | VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ E VAR 07/13/2044 144A | 0.004472 | | | MASTERCARD INC CL A | 0.004330 | ✓ | | ULTRA CLEAN HOLDINGS INC | 0.004096 | | | JP Morgan Mortgage Trust, Series 2025-CES7, Class A1A | 0.004027 | | | CIFC Funding Ltd., Series 2019-7A, Class D1R | 0.004015 | | | Ally Bank Auto Credit-Linked Notes, Series 2025-B, Class E | 0.003997 | | | CVC Cordatus Loan Fund XVIII DAC | 0.003948 | | | JOHNSON&JOHNSON | 0.003865 | ✓ | | CMBS | 0.003797 | | | CME GROUP INC CL A | 0.003657 | ✓ | | BKV CORPORATION | 0.003652 | | | META PLATFORMS INC CL A | 0.003587 | ✓ | | DIGITAL REALTY TRUST INC | 0.003551 | ✓ | | ASML Holding NV | 0.003535 | ✓ | | TERADATA CORP | 0.003146 | | | COOPR Residential Mortgage Trust 2025-CES4 | 0.002987 | | | TJX COS INC | 0.002940 | ✓ | | JPMORGAN CHASE and CO | 0.002911 | ✓ | | EQUINIX INC | 0.002828 | ✓ | | AUTOZONE INC | 0.002759 | ✓ | | Etsy, Inc. 0.250%, Due 06/15/2028 | 0.002753 | | | BMRN 1 1/4 05/15/27 | 0.002750 | | | AFRM 0 11/15/26 | 0.002713 | | | KEYENCE CORP | 0.002701 | ✓ | | ENPHASE ENERGY INC SR UNSECURED 03/28 0.00000 | 0.002675 | | ## iShares MSCI ACWI ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | NVIDIA CORP | 0.048278 | ✓ | | APPLE INC | 0.040034 | ✓ | | MICROSOFT CORP | 0.031573 | ✓ | | AMAZON.COM INC | 0.023859 | ✓ | | ALPHABET INC CL A | 0.020435 | ✓ | | ALPHABET INC CL C | 0.017207 | ✓ | | META PLATFORMS INC CL A | 0.016150 | ✓ | | BROADCOM INC | 0.015453 | ✓ | | TSMC | 0.014192 | ✓ | | TESLA INC | 0.012648 | ✓ | | JPMORGAN CHASE and CO | 0.008728 | ✓ | | LILLY ELI and CO | 0.008673 | ✓ | | BERKSHIRE HATH-B | 0.006873 | ✓ | | EXXON MOBIL CORP | 0.006239 | ✓ | | ASML Holding NV | 0.005778 | ✓ | | JOHNSON&JOHNSON | 0.005694 | ✓ | | VISA INC-CLASS A | 0.005644 | ✓ | | WALMART INC | 0.005427 | ✓ | | SAMSUNG ELECTRONICS CO LTD | 0.005408 | ✓ | | TENCENT HOLDINGS LTD | 0.005129 | ✓ | | MICRON TECHNOLOGY INC | 0.004837 | ✓ | | MASTERCARD INC CL A | 0.004757 | ✓ | | BlackRock Cash Funds: Institutional, SL Agency Shares | 0.004370 | | | COSTCO WHOLESALE CORP | 0.004315 | ✓ | | ABBVIE INC | 0.004103 | ✓ | | ADV MICRO DEVICE | 0.003992 | ✓ | | HOME DEPOT INC | 0.003873 | ✓ | | BANK OF AMERICA CORPORATION | 0.003866 | ✓ | | BABA-W | 0.003802 | ✓ | | NETFLIX INC | 0.003698 | ✓ | | PROCTER & GAMBLE | 0.003692 | ✓ | | SK HYNIX INC | 0.003549 | ✓ | | CHEVRON CORP | 0.003533 | ✓ | | PALANTIR TECHNOLOGIES INC | 0.003478 | ✓ | | GENERAL ELECTRIC CO | 0.003362 | ✓ | | ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.003317 | | | HSBC HOLDINGS PL | 0.003200 | ✓ | | CATERPILLAR INC | 0.003199 | | | CISCO SYSTEMS INC | 0.003195 | ✓ | | COCA-COLA CO/THE | 0.003178 | ✓ | | LAM RESEARCH CORP | 0.003048 | ✓ | | WELLS FARGO & CO | 0.003005 | ✓ | | ASTRAZENECA PLC | 0.002994 | ✓ | | INTL BUS MACH CORP | 0.002968 | ✓ | | ORACLE CORP | 0.002931 | | | Novartis AG (Registered) | 0.002926 | ✓ | | GOLDMAN SACHS GROUP INC | 0.002921 | ✓ | | PHILIP MORRIS INTL INC | 0.002903 | ✓ | | MERCK & CO | 0.002858 | ✓ | | RTX CORP | 0.002794 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-063581` (as of 2026-04-30) - N-PORT (fund B) — accession `0001410368-26-031726` (as of 2026-01-31) --- _Informational only — not investment advice. 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