# Portfolio overlap — VCESX vs FAAAX

Comparing **Virtus KAR Emerging Markets Small-Cap Fund** (2026-03-31) and **K2 Alternative Strategies Fund** (2026-02-27).

- Shared positions: 6
- Virtus KAR Emerging Markets Small-Cap Fund covered by K2 Alternative Strategies Fund: 0.07462590743695360434083455737
- K2 Alternative Strategies Fund covered by Virtus KAR Emerging Markets Small-Cap Fund: 0.07462590743695360434083455737

## Virtus KAR Emerging Markets Small-Cap Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| DREY-GVT CSH-I | 0.092297 | ✓ |
| CAIXA SEGURIDADE | 0.062327 |  |
| HAW PAR CORP LTD | 0.047768 |  |
| Corporacion Moctezuma S.A.B. de C.V. | 0.044317 |  |
| GPS PARTICIPACOE | 0.039421 |  |
| EPIROC AB-B | 0.038601 |  |
| HEINEKEN MALAYSI | 0.036374 | ✓ |
| S-1 CORPORATION | 0.036087 | ✓ |
| SPORTON INTL | 0.034936 |  |
| TEGMA GESTAO LOGISTICA SA | 0.034756 |  |
| HAITIAN INTL | 0.030796 |  |
| QUALITAS CONTROL | 0.029975 |  |
| NICE INFORMATION | 0.029786 |  |
| ALLEGRO.EU SA | 0.029306 | ✓ |
| BBB Foods, Inc., Class A | 0.024240 |  |
| RIVERSTONE HLDGS | 0.023594 |  |
| VAT GROUP AG | 0.021222 |  |
| BRBI BR Partners S.A. | 0.020946 |  |
| OPTIMA BANK SA | 0.020413 |  |
| FERREYCORP SAA | 0.020109 |  |
| SARANA MENARA | 0.020107 |  |
| CLICKS GROUP LTD COMMON STOCK | 0.020047 |  |
| COMPUTER AGE MAN | 0.018898 |  |
| JACK TECHNOLOG-A | 0.018703 |  |
| AVIA AVIAN TBK P | 0.018170 |  |
| HD HYUNDAI MARIN | 0.018092 |  |
| CARLSBERG BREWER | 0.015789 |  |
| ESAB CORP | 0.015475 |  |
| Union Auction Public Company Limited | 0.014574 |  |
| Kaspi.Kz JSC SPONSORED ADS | 0.013774 |  |
| LUMAX INTERNATIONAL CORP LTD | 0.013663 | ✓ |
| ADDCN TECHNOLOGY CO LTD | 0.013039 |  |
| ANHUI GUJINGD-B | 0.011115 |  |
| PRECISION TSUGAMI CHINA CORP LTD | 0.009849 | ✓ |
| LEENO INDUSTRIAL INC COMMON STOCK | 0.009382 |  |
| ORACLE FINANCIAL | 0.009101 |  |
| KFIN TECHNOLOGIE | 0.009099 |  |
| CHONGQING BREW-A | 0.008936 |  |
| JVM CO LTD | 0.007261 |  |
| DAYAMITRA TELEKO | 0.007090 |  |
| Kerry TJ Logistics Company Limited | 0.004769 |  |
| Humanica Public Company Limited | 0.004511 |  |
| GOLDEN FRIENDS CORP | 0.001286 |  |

## K2 Alternative Strategies Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| DREYFUS QII GOV CASH 289 | 0.089698 |  |
| FIDELITY GOVERNMENT PORTFOLIO FRGXX 1.85% 8/24/2018 - Extendable | 0.078686 |  |
| DREY-GVT CSH-I | 0.074503 | ✓ |
| U.S. Treasury Bills | 0.028480 |  |
| U.S. Treasury Bills | 0.026507 |  |
| U.S. Treasury Bills | 0.022752 |  |
| WESTERN DIGITAL CORPORATION SR UNSEC CV 3.0% 11-15-28 | 0.016947 |  |
| U.S. Treasury Bills | 0.014164 |  |
| US TREASURY N/B | 0.011458 |  |
| Lumentum Holdings, Inc. | 0.010369 |  |
| U.S. Treasury Bills | 0.009455 |  |
| US TREASURY N/B | 0.008971 |  |
| Bloom Energy Corporation | 0.007726 |  |
| STX 3.5 06/01/28 | 0.007701 |  |
| BLOOM ENERGY CORP SR UNSECURED 06/29 3 | 0.007449 |  |
| InterDigital, Inc., Convertible | 0.007291 |  |
| UST BILLS 0% 05/14/2026 | 0.006604 |  |
| US TREASURY N/B | 0.006465 |  |
| IREN Ltd., Series IREN | 0.006438 |  |
| MASTEC INC | 0.006108 |  |
| CONSTELLATION ENERGY CORP | 0.005311 |  |
| MERCK & CO | 0.005146 |  |
| CVS HEALTH CORP | 0.005075 |  |
| XCEL ENERGY INC | 0.004721 |  |
| U.S. Treasury Bills | 0.004714 |  |
| LONZA GROUP -REG | 0.004689 |  |
| NEXTERA ENERGY INC | 0.004447 |  |
| MITSUB ELEC CORP | 0.004318 |  |
| US TREASURY N/B | 0.004268 |  |
| EDWARDS LIFESCIENCES CORP | 0.004247 |  |
| FIRSTENERGY CORP | 0.004035 |  |
| ENTERGY CORP | 0.004008 |  |
| MIDCAP FINL ISSU 11/01/27 | 0.003956 |  |
| AGILENT TECHNOLOGIES INC | 0.003815 |  |
| U.S. Treasury Bills | 0.003779 |  |
| ARGENX SE SPONSORED ADR | 0.003761 |  |
| FUTURE - CASH SETTLED | 0.003686 |  |
| ABBOTT LABS | 0.003666 |  |
| SATS 3.875 11/30/30 | 0.003664 |  |
| BEONE MEDICINES LTD ADR | 0.003450 |  |
| PROVINCIA DE BUENOS AIRES/GOVERNMENT BONDS MTN 6.625000% 09/01/2037 | 0.003426 |  |
| LILLY ELI and CO | 0.003403 |  |
| VAXCYTE INC | 0.003396 |  |
| SCHOLAR ROCK HOLDING CORP | 0.003395 |  |
| Nebius Group NV | 0.003262 |  |
| TEVA PHARMACEUTICAL IND ADR | 0.003206 |  |
| ROIVANT SCIENCES LTD | 0.003093 |  |
| Nebius Group NV | 0.003015 |  |
| BOEING CO/THE | 0.003011 |  |
| INSMED INC | 0.002973 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-022781` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1005020/000094040026022781/0000940400-26-022781-index.htm>
- N-PORT (fund B) — accession `0000940400-26-014752` (as of 2026-02-27)
  <https://www.sec.gov/Archives/edgar/data/1535538/000094040026014752/0000940400-26-014752-index.htm>

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