# Portfolio overlap — RAZAX vs QWLD Comparing **Multi-Asset Strategy Fund** (2026-04-30) and **SPDR MSCI World StrategicFactors ETF** (2026-03-31). - Shared positions: 508 - Multi-Asset Strategy Fund covered by SPDR MSCI World StrategicFactors ETF: 0.2564583859346775427501793298 - SPDR MSCI World StrategicFactors ETF covered by Multi-Asset Strategy Fund: 0.2564583859346775427501793300 ## 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 | | ## SPDR MSCI World StrategicFactors ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | State Street Navigator Securities Lending Portfolio II | 0.038951 | | | APPLE INC | 0.021284 | ✓ | | MICROSOFT CORP | 0.019397 | ✓ | | NVIDIA CORP | 0.018827 | ✓ | | META PLATFORMS INC CL A | 0.017927 | ✓ | | JOHNSON&JOHNSON | 0.014017 | ✓ | | ALPHABET INC CL A | 0.011810 | ✓ | | VISA INC-CLASS A | 0.011631 | ✓ | | EXXON MOBIL CORP | 0.011521 | ✓ | | LILLY ELI and CO | 0.011421 | ✓ | | ALPHABET INC CL C | 0.010866 | ✓ | | ASML Holding NV | 0.010787 | ✓ | | WALMART INC | 0.009633 | ✓ | | CISCO SYSTEMS INC | 0.009205 | ✓ | | Novartis AG (Registered) | 0.009167 | ✓ | | PROCTER & GAMBLE | 0.008476 | ✓ | | MERCK & CO | 0.007824 | ✓ | | COSTCO WHOLESALE CORP | 0.007777 | ✓ | | COCA-COLA CO/THE | 0.007286 | ✓ | | PEPSICO INC | 0.007043 | ✓ | | BERKSHIRE HATH-B | 0.006928 | ✓ | | NETFLIX INC | 0.006797 | ✓ | | AT&T INC | 0.006473 | ✓ | | VERIZON COMMUNICATIONS INC | 0.006205 | ✓ | | MASTERCARD INC CL A | 0.006126 | ✓ | | ROCHE HOLDING AG | 0.005653 | ✓ | | CATERPILLAR INC | 0.005641 | | | DUKE ENERGY CORP NEW | 0.005450 | ✓ | | UNITEDHEALTH GRP | 0.005320 | ✓ | | TJX COS INC | 0.005288 | ✓ | | LAM RESEARCH CORP | 0.005221 | ✓ | | SOUTHERN CO | 0.005079 | ✓ | | ASTRAZENECA PLC | 0.005049 | ✓ | | CHEVRON CORP | 0.004940 | ✓ | | ABBOTT LABS | 0.004930 | ✓ | | NESTLE SA (REG) | 0.004897 | ✓ | | SHELL PLC | 0.004796 | ✓ | | CENCORA INC | 0.004793 | ✓ | | APPLIED MATERIALS INC | 0.004662 | ✓ | | JPMORGAN CHASE and CO | 0.004651 | ✓ | | AMPHENOL CORPORATION CL A | 0.004522 | | | CME GROUP INC CL A | 0.004426 | ✓ | | MCKESSON CORP | 0.004236 | ✓ | | MOTOROLA SOLUTIONS INC | 0.004187 | ✓ | | CHUBB LTD | 0.004076 | ✓ | | LOCKHEED MARTIN CORP | 0.004057 | | | MCDONALDS CORP | 0.003954 | ✓ | | VERTEX PHARMACEUTICALS INC | 0.003949 | ✓ | | PROGRESSIVE CORP OHIO | 0.003872 | ✓ | | TOTALENERGIES SE | 0.003812 | ✓ | ## Sources - N-PORT (fund A) — accession `0001410368-26-063581` (as of 2026-04-30) - N-PORT (fund B) — accession `0001410368-26-055336` (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 _