ACIO vs. SEF ETF Comparison

Comparison of Aptus Collared Income Opportunity ETF (ACIO) to ProShares Short Financials (SEF)

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$39.50

Average Daily Volume

151,581

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$9.57

Average Daily Volume

71,573

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACIO	SEF
30 Days	0.77%	1.66%
60 Days	5.17%	-5.96%
90 Days	3.68%	-6.59%
12 Months	30.27%	-22.83%

13 Overlapping Holdings

Symbol	Grade	Weight in ACIO	Weight in SEF	Overlap
BAC	D	0.89%	4.46%	0.89%
BLK	B	1.15%	1.06%	1.06%
BRK.A	C	1.71%	7.56%	1.71%
C	B	0.55%	2.98%	0.55%
DLR	C	0.63%	0.44%	0.44%
ICE	A	0.73%	0.91%	0.73%
JPM	D	1.77%	7.27%	1.77%
MMC	D	0.91%	0.97%	0.91%
MS	B	0.9%	1.19%	0.9%
PGR	C	1.7%	0.75%	0.75%
PLD	D	0.95%	1.0%	0.95%
PSA	C	0.52%	0.56%	0.52%
V	C	1.61%	5.88%	1.61%

ACIO Overweight 61 Positions Relative to SEF

Symbol	Grade	Weight
AAPL	C	6.78%
MSFT	C	6.68%
NVDA	C	6.63%
AMZN	C	3.69%
GOOG	C	3.64%
META	A	2.58%
AVGO	C	2.36%
NOW	C	1.83%
XOM	B	1.8%
LMT	A	1.77%
CAT	A	1.73%
SYK	C	1.72%
LLY	D	1.56%
AMAT	D	1.56%
TSLA	B	1.47%
LIN	B	1.41%
PG	C	1.27%
UNH	B	1.24%
LOW	A	1.24%
TMO	C	1.23%
PEP	D	1.2%
WMT	A	1.15%
NFLX	C	1.1%
JNJ	C	1.09%
ACN	B	1.09%
TMUS	A	1.08%
SO	A	1.06%
MCD	A	1.04%
COST	C	1.02%
INTU	F	1.01%
MAR	B	1.0%
CSX	D	0.99%
ELV	F	0.94%
CTAS	C	0.93%
ADI	C	0.93%
PHM	A	0.9%
TJX	C	0.87%
HON	B	0.86%
MSI	A	0.85%
FDX	D	0.8%
ABT	C	0.79%
NEE	A	0.78%
MDLZ	C	0.77%
MRK	F	0.77%
FANG	F	0.76%
ABBV	A	0.74%
ISRG	C	0.71%
DUK	B	0.67%
TYL	C	0.59%
DE	A	0.59%
MO	B	0.57%
EOG	D	0.57%
ETN	C	0.57%
ADBE	F	0.48%
VRTX	D	0.47%
SHW	B	0.44%
FCX	B	0.4%
AMGN	D	0.39%
CMCSA	B	0.37%
ADP	A	0.29%
HAL	F	0.24%

ACIO Underweight 84 Positions Relative to SEF

Symbol	Grade	Weight
MA	A	-4.83%
WFC	D	-3.19%
AMT	C	-1.74%
AXP	A	-1.49%
GS	D	-1.34%
USB	C	-1.32%
TFC	D	-1.27%
CME	A	-1.25%
SPGI	C	-1.22%
CB	A	-1.17%
PNC	C	-1.13%
CCI	A	-1.02%
SCHW	D	-0.93%
EQIX	B	-0.84%
AON	A	-0.83%
COF	C	-0.81%
AIG	F	-0.77%
SPG	A	-0.76%
MCO	C	-0.7%
MET	A	-0.69%
BX	C	-0.67%
PRU	C	-0.66%
AFL	A	-0.66%
BK	C	-0.65%
ALL	C	-0.64%
TRV	C	-0.61%
WELL	B	-0.59%
TROW	D	-0.52%
AVB	C	-0.51%
STT	C	-0.5%
SBAC	B	-0.48%
EQR	C	-0.48%
WTW	A	-0.44%
DFS	C	-0.44%
O	A	-0.42%
MSCI	B	-0.4%
CSGP	F	-0.4%
WY	B	-0.39%
NTRS	C	-0.39%
AMP	A	-0.37%
VTR	B	-0.37%
HIG	A	-0.37%
SYF	C	-0.36%
MTB	C	-0.36%
FITB	C	-0.35%
BXP	C	-0.34%
CBRE	A	-0.34%
ESS	C	-0.34%
ARE	D	-0.32%
KEY	C	-0.32%
ACGL	A	-0.31%
CFG	D	-0.3%
DOC	B	-0.3%
AJG	D	-0.3%
INVH	D	-0.28%
MKL	B	-0.28%
RF	C	-0.27%
CINF	A	-0.27%
HBAN	C	-0.26%
MAA	C	-0.26%
PFG	C	-0.25%
MKTX	C	-0.24%
WPC	C	-0.24%
SUI	C	-0.24%
EXR	C	-0.24%
L	D	-0.23%
NLY	C	-0.23%
UDR	C	-0.23%
HST	D	-0.22%
ELS	D	-0.22%
FNF	A	-0.22%
NDAQ	C	-0.21%
RJF	B	-0.2%
LNC	D	-0.2%
EG	B	-0.19%
MPW	C	-0.19%
ALLY	F	-0.19%
EQH	C	-0.19%
GL	C	-0.18%
FDS	C	-0.18%
REG	B	-0.18%
VNO	B	-0.18%
CPT	C	-0.18%
WRB	B	-0.17%