AFLG vs. ITAN ETF Comparison

Comparison of Active Factor Large Cap ETF (AFLG) to Sparkline Intangible Value ETF (ITAN)

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.73

Average Daily Volume

35,934

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$32.05

Average Daily Volume

1,878

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	AFLG	ITAN
30 Days	4.50%	5.34%
60 Days	5.60%	7.33%
90 Days	7.89%	9.71%
12 Months	37.65%	31.35%

56 Overlapping Holdings

Symbol	Grade	Weight in AFLG	Weight in ITAN	Overlap
ACN	C	0.22%	1.6%	0.22%
ALL	A	0.08%	0.72%	0.08%
AMZN	C	1.78%	4.86%	1.78%
BAH	F	0.17%	0.47%	0.17%
BBY	D	0.47%	0.46%	0.46%
BMY	B	0.58%	1.03%	0.58%
BWA	D	0.03%	0.22%	0.03%
CAH	B	0.11%	0.53%	0.11%
CMCSA	B	0.55%	1.06%	0.55%
CMI	A	0.51%	0.84%	0.51%
CNC	D	0.19%	0.54%	0.19%
CRM	B	0.59%	2.14%	0.59%
CSCO	B	0.44%	1.78%	0.44%
CTSH	B	0.45%	0.8%	0.45%
CVNA	B	0.07%	0.56%	0.07%
CVS	D	0.18%	0.9%	0.18%
DASH	A	0.06%	0.71%	0.06%
DELL	C	0.14%	1.11%	0.14%
EA	A	0.32%	0.53%	0.32%
EBAY	D	0.1%	0.66%	0.1%
ETSY	D	0.09%	0.29%	0.09%
EXPE	B	0.21%	0.58%	0.21%
FDX	B	0.24%	0.85%	0.24%
FFIV	B	0.6%	0.46%	0.46%
GILD	C	0.57%	0.92%	0.57%
GOOGL	C	2.04%	2.09%	2.04%
HPQ	B	0.49%	0.72%	0.49%
HUM	C	0.17%	0.53%	0.17%
IBM	C	0.44%	1.69%	0.44%
IP	B	0.34%	0.34%	0.34%
IVZ	B	0.04%	0.24%	0.04%
J	F	0.08%	0.45%	0.08%
JBL	B	0.18%	0.37%	0.18%
KR	B	0.47%	0.51%	0.47%
LDOS	C	0.13%	0.55%	0.13%
LH	C	0.09%	0.45%	0.09%
LMT	D	0.34%	0.39%	0.34%
META	D	1.8%	2.87%	1.8%
MMM	D	0.55%	0.89%	0.55%
MTCH	D	0.25%	0.23%	0.23%
NTAP	C	0.63%	0.6%	0.6%
NWSA	B	0.2%	0.33%	0.2%
NXPI	D	0.05%	0.66%	0.05%
PRU	A	0.09%	0.53%	0.09%
QCOM	F	0.88%	1.55%	0.88%
QRVO	F	0.05%	0.2%	0.05%
RHI	B	0.36%	0.22%	0.22%
SWKS	F	0.2%	0.32%	0.2%
T	A	0.18%	1.55%	0.18%
TMUS	B	0.35%	1.42%	0.35%
TPR	B	0.47%	0.34%	0.34%
TXT	D	0.07%	0.3%	0.07%
VTRS	A	0.1%	0.49%	0.1%
VZ	C	0.49%	1.3%	0.49%
WBA	F	0.03%	0.29%	0.03%
ZM	B	0.23%	0.54%	0.23%

AFLG Overweight 192 Positions Relative to ITAN

Symbol	Grade	Weight
AAPL	C	7.06%
NVDA	C	5.45%
MSFT	F	4.6%
BRK.A	B	1.57%
APP	B	1.29%
AVGO	D	1.27%
VST	B	1.26%
HIG	B	1.11%
MO	A	0.99%
NFLX	A	0.91%
COST	B	0.9%
UHS	D	0.89%
PG	A	0.84%
ABBV	D	0.82%
NRG	B	0.81%
FICO	B	0.8%
RL	B	0.79%
AFL	B	0.75%
XOM	B	0.74%
BK	A	0.73%
PGR	A	0.73%
CTAS	B	0.7%
JNJ	D	0.7%
EME	C	0.68%
BSX	B	0.68%
ELV	F	0.67%
RS	B	0.66%
SNA	A	0.63%
CEG	D	0.62%
MRK	F	0.62%
WMT	A	0.61%
CL	D	0.58%
APH	A	0.58%
SPG	B	0.58%
PEG	A	0.57%
COR	B	0.57%
CAT	B	0.56%
GDDY	A	0.55%
ETN	A	0.55%
FOXA	B	0.55%
MCK	B	0.53%
PHM	D	0.52%
FE	C	0.52%
ECL	D	0.52%
MAS	D	0.5%
TT	A	0.49%
STLD	B	0.47%
MAA	B	0.47%
NVR	D	0.47%
HWM	A	0.46%
CVX	A	0.45%
VICI	C	0.44%
GLPI	C	0.42%
CF	B	0.42%
CNA	B	0.42%
LLY	F	0.42%
WSM	B	0.41%
GRMN	B	0.41%
AXP	A	0.41%
ICE	C	0.4%
PCAR	B	0.39%
MSI	B	0.39%
CSL	C	0.39%
HSIC	B	0.39%
IBKR	A	0.39%
WAB	B	0.38%
CBOE	B	0.38%
TJX	A	0.38%
AOS	F	0.38%
NUE	C	0.37%
HST	C	0.37%
HLT	A	0.36%
TRGP	B	0.36%
PKG	A	0.36%
FIS	C	0.36%
OC	A	0.36%
PM	B	0.35%
AMAT	F	0.34%
BLDR	D	0.33%
KO	D	0.33%
WELL	A	0.32%
CMG	B	0.32%
DHI	D	0.32%
LEN	D	0.32%
ADBE	C	0.31%
VLO	C	0.31%
LOW	D	0.31%
V	A	0.3%
BRO	B	0.3%
EVRG	A	0.29%
RF	A	0.29%
WU	D	0.29%
SYF	B	0.29%
DVN	F	0.29%
AIG	B	0.28%
VSCO	B	0.28%
DECK	A	0.28%
BKNG	A	0.28%
CFG	B	0.27%
UNH	C	0.27%
OGN	D	0.27%
MANH	D	0.25%
SOLV	C	0.25%
ED	D	0.25%
LII	A	0.25%
ERIE	D	0.24%
EIX	B	0.23%
CME	A	0.23%
PH	A	0.23%
KEYS	A	0.22%
INCY	C	0.22%
MA	C	0.21%
VRSN	F	0.21%
VTR	C	0.21%
ALNY	D	0.21%
WPC	D	0.21%
GWW	B	0.2%
TROW	B	0.2%
PPG	F	0.19%
SHW	A	0.19%
L	A	0.18%
BEN	C	0.17%
AZO	C	0.17%
ACGL	D	0.17%
TOL	B	0.16%
AMP	A	0.16%
GL	B	0.16%
AIZ	A	0.16%
LKQ	D	0.16%
VRT	B	0.16%
CI	F	0.15%
EG	C	0.15%
CPT	B	0.15%
GE	D	0.15%
SYK	C	0.15%
ULTA	F	0.14%
MPC	D	0.13%
BBWI	D	0.13%
ANET	C	0.13%
SO	D	0.13%
IT	C	0.12%
FI	A	0.12%
SCCO	F	0.11%
RPM	A	0.11%
RMD	C	0.1%
GEN	B	0.1%
EQR	B	0.1%
KHC	F	0.1%
KLAC	D	0.1%
PSX	C	0.09%
SSNC	B	0.09%
CRBG	B	0.09%
BLK	C	0.09%
TPL	A	0.08%
DXC	B	0.08%
MOH	F	0.08%
SPGI	C	0.08%
BG	F	0.07%
LYB	F	0.07%
IPG	D	0.07%
ROL	B	0.06%
SNPS	B	0.06%
DINO	D	0.06%
WSO	A	0.06%
ADM	D	0.06%
ZION	B	0.06%
ORLY	B	0.06%
UDR	B	0.05%
PPL	B	0.05%
DPZ	C	0.05%
ESS	B	0.05%
AVB	B	0.05%
WTW	B	0.05%
MCO	B	0.05%
EPAM	C	0.05%
CDNS	B	0.05%
STT	A	0.05%
PSA	D	0.05%
KMB	D	0.05%
PINS	D	0.04%
AMCR	D	0.04%
PFG	D	0.04%
HOLX	D	0.04%
ROST	C	0.04%
MET	A	0.04%
DKS	C	0.04%
UTHR	C	0.04%
MOS	F	0.03%
CDW	F	0.03%
ALLE	D	0.01%
EQH	B	0.0%
TDG	D	0.0%

AFLG Underweight 95 Positions Relative to ITAN

Symbol	Grade	Weight
ORCL	B	-2.31%
GOOG	C	-2.09%
WFC	A	-1.51%
PFE	D	-1.28%
INTC	D	-1.26%
RTX	C	-1.23%
HON	B	-1.21%
MDT	D	-1.18%
DIS	B	-1.1%
PYPL	B	-1.1%
COF	B	-1.09%
TGT	F	-1.03%
GM	B	-1.0%
BA	F	-0.96%
NOC	D	-0.91%
PANW	C	-0.89%
SQ	B	-0.87%
F	C	-0.82%
LHX	C	-0.74%
CHTR	C	-0.72%
BDX	F	-0.7%
GD	F	-0.7%
WDAY	B	-0.7%
UAL	A	-0.7%
JCI	C	-0.69%
ADSK	A	-0.64%
HPE	B	-0.63%
DAL	C	-0.6%
GLW	B	-0.59%
ILMN	D	-0.54%
WBD	C	-0.53%
DOCU	A	-0.53%
WDC	D	-0.53%
SNAP	C	-0.51%
ZS	C	-0.51%
TWLO	A	-0.49%
NTNX	A	-0.49%
IQV	D	-0.46%
ZBRA	B	-0.46%
ROK	B	-0.45%
OKTA	C	-0.44%
BAX	D	-0.44%
DD	D	-0.44%
DGX	A	-0.43%
TRMB	B	-0.43%
BIIB	F	-0.42%
JNPR	F	-0.42%
ACM	A	-0.42%
CIEN	B	-0.41%
CACI	D	-0.41%
PSTG	D	-0.39%
ROKU	D	-0.39%
AAL	B	-0.38%
LUMN	C	-0.37%
JLL	D	-0.37%
LYFT	C	-0.37%
DBX	B	-0.37%
DVA	B	-0.36%
EMN	D	-0.34%
TRU	D	-0.34%
JAZZ	B	-0.32%
AKAM	D	-0.32%
ALLY	C	-0.32%
TAP	C	-0.31%
ELAN	D	-0.3%
ACI	C	-0.3%
SWK	D	-0.29%
ANF	C	-0.28%
G	B	-0.28%
PARA	C	-0.28%
RIVN	F	-0.27%
BIO	D	-0.27%
WHR	B	-0.27%
HAS	D	-0.26%
MASI	A	-0.26%
BOX	B	-0.26%
EXAS	D	-0.26%
FAF	A	-0.25%
W	F	-0.25%
U	C	-0.25%
PATH	C	-0.24%
DOX	D	-0.24%
ALK	C	-0.24%
GAP	C	-0.24%
MAT	D	-0.24%
UAA	C	-0.24%
ARW	D	-0.23%
FLS	B	-0.23%
NOV	C	-0.22%
HRB	D	-0.21%
AGCO	D	-0.19%
HOG	D	-0.19%
M	D	-0.16%
RUN	F	-0.14%
XRAY	F	-0.13%