ARKF vs. TOGA ETF Comparison

Comparison of ARK Fintech Innovation ETF (ARKF) to Managed Portfolio Series Tremblant Global ETF (TOGA)

ARKF

ARK Fintech Innovation ETF

ARKF Description

ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of financial technology (“Fintech”) innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The Adviser defines “Fintech innovation” as the introduction of a technologically enabled new product or service that potentially changes the way the financial sector works, which ARK believes includes but is not limited to the following business platforms: Transaction Innovations; Blockchain Technology; Risk Transformation; Frictionless Funding Platforms; Customer Facing Platforms; New Intermediaries;

Grade (RS Rating)

Last Trade

$29.13

Average Daily Volume

348,220

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TOGA

Managed Portfolio Series Tremblant Global ETF

TOGA Description

Under normal conditions, the fund will invest: (1) at least 40% (unless market conditions are not deemed favorable, in which case at least 30%) of its net assets in investments that are economically tied to, or located in, countries or regions other than the United States; and (2) in investments that are economically tied to, or located in, at least three different countries, including the United States.

Grade (RS Rating)

Last Trade

$27.65

Average Daily Volume

4,050

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARKF	TOGA
30 Days	2.93%	3.59%
60 Days	14.96%	10.03%
90 Days	3.89%	7.92%
12 Months	57.46%

3 Overlapping Holdings

Symbol	Grade	Weight in ARKF	Weight in TOGA	Overlap
AMZN	C	0.49%	5.12%	0.49%
MELI	C	3.76%	3.62%	3.62%
SPOT	B	1.73%	4.43%	1.73%

ARKF Overweight 25 Positions Relative to TOGA

Symbol	Grade	Weight
SHOP	C	9.39%
COIN	F	7.22%
SQ	D	5.96%
DKNG	D	5.88%
HOOD	C	4.71%
TOST	C	4.37%
ROKU	C	3.87%
RBLX	C	3.72%
PLTR	A	3.59%
SOFI	C	3.46%
PINS	D	3.12%
META	A	2.86%
PATH	D	2.63%
NU	D	2.14%
SE	B	2.03%
GLBE	C	1.99%
INTU	F	1.7%
PYPL	C	1.66%
NVDA	C	1.41%
CRWD	D	1.37%
ICE	A	1.25%
Z	C	1.16%
BILL	D	1.09%
RDDT	B	1.02%
IBTA	D	0.59%

ARKF Underweight 6 Positions Relative to TOGA

Symbol	Grade	Weight
TKO	A	-5.6%
UBER	C	-4.94%
GRAB	B	-4.5%
WH	C	-4.44%
DASH	A	-3.92%
QTWO	C	-3.21%