AIEQ vs. IWFG ETF Comparison

Comparison of AI Powered Equity ETF (AIEQ) to IQ MacKay Municipal Insured ETF (IWFG)

AIEQ

AI Powered Equity ETF

AIEQ Description

The investment seeks capital appreciation. The fund is actively managed and invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative model (the EquBot Model) developed by EquBot LLC (EquBot) that runs on the IBM Watson? platform. EquBot, the fund's sub-adviser, is a technology based company focused on applying artificial intelligence (AI) based solutions to investment analyses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.53

Average Daily Volume

7,470

Number of Holdings ^*

136

* may have additional holdings in another (foreign) market

IWFG

IQ MacKay Municipal Insured ETF

IWFG Description

The Fund seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IWFG typically invests in a portfolio of 25-35 stocks, allocating 10-60% across each growth type. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of large-cap companies. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$48.80

Average Daily Volume

131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AIEQ	IWFG
30 Days	9.32%	3.42%
60 Days	11.64%	4.79%
90 Days	13.04%	8.07%
12 Months	35.08%	40.39%

5 Overlapping Holdings

Symbol	Grade	Weight in AIEQ	Weight in IWFG	Overlap
AMZN	C	3.74%	7.69%	3.74%
APH	B	2.15%	2.26%	2.15%
AVGO	D	3.2%	4.86%	3.2%
ISRG	C	2.62%	2.74%	2.62%
NVDA	C	4.04%	7.83%	4.04%

AIEQ Overweight 131 Positions Relative to IWFG

Symbol	Grade	Weight
INTC	C	3.61%
GS	B	3.6%
GOOGL	C	3.4%
CRWD	B	2.99%
DIS	B	2.75%
PLTR	B	2.74%
NKE	F	2.44%
ELV	F	2.19%
FI	A	2.15%
VRTX	D	2.12%
VST	B	2.1%
CVX	B	2.08%
APP	B	1.97%
BA	D	1.75%
EMR	A	1.37%
CHTR	C	1.36%
SNOW	C	1.33%
FANG	F	1.31%
UPS	C	1.27%
EW	C	1.07%
LPLA	B	1.01%
HST	C	0.98%
ZS	C	0.98%
RCL	B	0.95%
DXCM	C	0.94%
F	C	0.92%
DASH	A	0.92%
LVS	C	0.91%
TEAM	B	0.9%
TDG	D	0.88%
WSM	B	0.88%
SQ	B	0.87%
HWM	B	0.85%
HPE	B	0.76%
EL	F	0.72%
FSLR	F	0.72%
DFS	B	0.71%
BIIB	F	0.67%
STLD	B	0.65%
LNG	B	0.64%
GPC	D	0.6%
QRVO	F	0.59%
LYB	F	0.59%
CSL	B	0.56%
GRMN	A	0.54%
MGM	F	0.54%
OKTA	C	0.52%
UHS	D	0.52%
LII	A	0.5%
XPO	B	0.5%
PSTG	D	0.5%
RHP	B	0.46%
FCNCA	B	0.44%
ETSY	D	0.43%
ENPH	F	0.43%
SFM	B	0.4%
LLY	F	0.4%
IEX	B	0.36%
GNRC	B	0.35%
AOS	D	0.34%
HRB	D	0.34%
CTLT	B	0.33%
SNX	C	0.33%
AAP	C	0.33%
ESTC	C	0.31%
BWXT	B	0.3%
RH	B	0.3%
FN	D	0.29%
GL	C	0.29%
KBR	F	0.28%
EXP	B	0.28%
HOG	F	0.27%
NVT	B	0.27%
GFS	C	0.26%
RYAN	A	0.24%
FLR	B	0.23%
APA	F	0.23%
TTC	D	0.22%
MTSI	B	0.21%
OSK	B	0.21%
HALO	F	0.21%
CNX	B	0.2%
CMC	B	0.2%
TECH	C	0.2%
BPMC	C	0.2%
HLI	A	0.19%
COOP	B	0.19%
LNC	B	0.18%
GMED	A	0.18%
BSY	D	0.18%
NBIX	C	0.17%
EEFT	B	0.17%
LNTH	D	0.17%
HAE	B	0.17%
ACI	C	0.17%
CHRD	F	0.17%
FIVN	C	0.17%
SEE	C	0.17%
MAN	D	0.16%
TENB	C	0.16%
DINO	F	0.16%
VKTX	F	0.16%
DCI	A	0.16%
MUR	F	0.15%
SUM	B	0.15%
RIVN	D	0.14%
TREX	C	0.14%
JAZZ	B	0.14%
OMF	A	0.14%
POWI	D	0.14%
PRGO	C	0.14%
CIVI	D	0.13%
ORA	B	0.13%
CHE	D	0.13%
ITCI	C	0.13%
HP	C	0.12%
SM	C	0.12%
TDW	F	0.12%
ST	F	0.12%
LPX	B	0.12%
TKR	D	0.11%
NOG	A	0.11%
VVV	F	0.1%
GATX	A	0.1%
AM	B	0.1%
MSA	C	0.1%
EXPO	D	0.09%
CHX	C	0.07%
WFRD	F	0.07%
CFLT	B	0.07%
RIG	D	0.05%

AIEQ Underweight 24 Positions Relative to IWFG

Symbol	Grade	Weight
MSFT	D	-11.57%
AAPL	B	-5.03%
META	D	-4.54%
GOOG	C	-4.52%
TT	B	-3.49%
SPOT	B	-3.22%
MA	B	-3.21%
ADI	D	-3.09%
ORLY	B	-2.88%
KKR	B	-2.77%
MELI	C	-2.74%
NFLX	B	-2.62%
NOW	B	-2.52%
ETN	A	-2.48%
ADBE	C	-2.35%
CMG	B	-2.31%
INTU	C	-2.23%
UBER	D	-2.09%
BKNG	B	-2.02%
LRCX	F	-1.93%
SNPS	B	-1.81%
WDAY	C	-1.62%
HLT	A	-1.57%
ASML	F	-1.48%