# Portfolio overlap — RWSIX vs FVAL

Comparing **Redwood Systematic Macro Trend Fund** (2026-01-31) and **Fidelity Value Factor ETF** (2026-01-31).

- Shared positions: 28
- Redwood Systematic Macro Trend Fund covered by Fidelity Value Factor ETF: 0.2015519839168024215064951128
- Fidelity Value Factor ETF covered by Redwood Systematic Macro Trend Fund: 0.2015519839168024215064951128

## Redwood Systematic Macro Trend Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| ISHARES MSCI EAFE ETF MUTUAL FUND | 0.247399 |  |
| SCHWAB INTL SMALL-CAP EQUITY MUTUAL FUND | 0.134814 |  |
| VANGUARD-FTSE AW | 0.132939 |  |
| RDWD-R/E INC-I | 0.130570 |  |
| ALPHABET INC CL A | 0.038577 | ✓ |
| APPLE INC | 0.028510 | ✓ |
| MICROSOFT CORP | 0.023958 | ✓ |
| AMAZON.COM INC | 0.017106 | ✓ |
| META PLATFORMS INC CL A | 0.011323 | ✓ |
| BROADCOM INC | 0.010634 |  |
| TESLA INC | 0.008469 | ✓ |
| BERKSHIRE HATH-B | 0.006686 | ✓ |
| MICROCHIP TECHNOLOGY | 0.005406 |  |
| LOCKHEED MARTIN CORP | 0.005332 | ✓ |
| TEXAS INSTRUMENTS INC | 0.004890 |  |
| VIATRIS INC | 0.004681 |  |
| FRANKLIN RESOURCES INC | 0.004480 |  |
| CHEVRON CORP | 0.004455 | ✓ |
| DOW INC | 0.004400 |  |
| TARGET CORP | 0.004387 | ✓ |
| PPG INDUSTRIES INC | 0.004375 |  |
| MOSAIC CO/THE | 0.004282 | ✓ |
| BRISTOL-MYERS SQUIBB CO | 0.004250 | ✓ |
| KINDER MORGAN INC | 0.004247 |  |
| COMCAST CORP CL A | 0.004219 | ✓ |
| UNITED PARCEL SERVICE INC CL B | 0.004218 | ✓ |
| LKQ CORP | 0.004205 |  |
| DARDEN RESTAURANTS INC | 0.004200 |  |
| STANLEY BLACK and DECKER INC | 0.004168 |  |
| ONEOK INC | 0.004143 |  |
| VERIZON COMMUNICATIONS INC | 0.004138 | ✓ |
| HASBRO INC | 0.004103 |  |
| SNAP-ON INCORPORATED | 0.004086 |  |
| REALTY INCOME CORP REIT | 0.004053 | ✓ |
| OMNICOM GROUP INC | 0.004044 |  |
| HORMEL FOODS CRP | 0.004027 |  |
| ALTRIA GROUP INC | 0.004013 | ✓ |
| EDISON INTL | 0.004012 | ✓ |
| APA CORP | 0.004009 | ✓ |
| MERCK & CO | 0.004008 | ✓ |
| AES CORP | 0.003977 |  |
| FORD MOTOR CO | 0.003967 | ✓ |
| AIR PRODUCTS and CHEMICALS INC | 0.003965 |  |
| EOG RESOURCES INC | 0.003947 | ✓ |
| CONAGRA BRANDS INC | 0.003926 |  |
| EVERSOURCE ENERGY | 0.003922 |  |
| PINNACLE WEST CAPITAL CORP | 0.003919 |  |
| PFIZER INC | 0.003900 | ✓ |
| INTL PAPER CO | 0.003873 |  |
| AT&T INC | 0.003853 | ✓ |

## Fidelity Value Factor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.071059 |  |
| APPLE INC | 0.061748 | ✓ |
| ALPHABET INC CL A | 0.051148 | ✓ |
| MICROSOFT CORP | 0.047280 | ✓ |
| Fidelity Cash Central Fund | 0.042353 |  |
| MICRON TECHNOLOGY INC | 0.034834 |  |
| AMAZON.COM INC | 0.034744 | ✓ |
| META PLATFORMS INC CL A | 0.024608 | ✓ |
| TESLA INC | 0.020830 | ✓ |
| BERKSHIRE HATH-B | 0.017956 | ✓ |
| LILLY ELI and CO | 0.017840 |  |
| JOHNSON&JOHNSON | 0.014014 |  |
| VISA INC-CLASS A | 0.012771 |  |
| EXXON MOBIL CORP | 0.010983 |  |
| ABBVIE INC | 0.010969 |  |
| BANK OF AMERICA CORPORATION | 0.010502 |  |
| GOLDMAN SACHS GROUP INC | 0.010345 |  |
| MERCK & CO | 0.010305 | ✓ |
| QUALCOMM INC | 0.010156 |  |
| ACCENTURE PLC CL A | 0.009825 |  |
| ZOOM VIDEO COMMUNICATIONS INC CL A | 0.009732 |  |
| CATERPILLAR INC | 0.009276 |  |
| SALESFORCE INC | 0.009244 |  |
| COGNIZANT TECH SOLUTIONS CL A | 0.009134 |  |
| CITIGROUP INC | 0.008934 |  |
| UNITEDHEALTH GRP | 0.008857 |  |
| AMERICAN EXPRESS CO | 0.008853 |  |
| AVNET INC | 0.008621 |  |
| COSTCO WHOLESALE CORP | 0.008615 |  |
| GENERAL ELECTRIC CO | 0.008380 |  |
| ARROW ELECTRONICS INC | 0.008374 |  |
| HOME DEPOT INC | 0.008213 |  |
| ADOBE INC | 0.008176 |  |
| RTX CORP | 0.008089 |  |
| PROCTER & GAMBLE | 0.007868 |  |
| CENTENE CORP | 0.007758 |  |
| CAPITAL ONE FINANCIAL CORP | 0.007246 |  |
| BRISTOL-MYERS SQUIBB CO | 0.007185 | ✓ |
| REGENERON PHARMACEUTICALS INC | 0.007141 |  |
| PFIZER INC | 0.007127 | ✓ |
| CHEVRON CORP | 0.006984 | ✓ |
| LOCKHEED MARTIN CORP | 0.006884 | ✓ |
| ELEVANCE HEALTH INC | 0.006498 |  |
| HP INC | 0.006309 | ✓ |
| TRAVELERS COS IN | 0.006302 |  |
| CUMMINS INC | 0.006196 |  |
| MCDONALDS CORP | 0.006183 |  |
| SKYWORKS SOLUTIONS INC | 0.006158 | ✓ |
| ANNALY CAPITAL MGMT INC REIT | 0.006141 |  |
| PRUDENTL FINL | 0.005966 |  |


## Sources

- N-PORT (fund A) — accession `0000910472-26-004262` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1552947/000091047226004262/0000910472-26-004262-index.htm>
- N-PORT (fund B) — accession `0000035402-26-002115` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/945908/000003540226002115/0000035402-26-002115-index.htm>

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