AVSE vs. FFND ETF Comparison

Comparison of Avantis Responsible Emerging Markets Equity ETF (AVSE) to The Future Fund Active ETF (FFND)

AVSE

Avantis Responsible Emerging Markets Equity ETF

AVSE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team?s evaluation of multiple ESG metrics.

Grade (RS Rating)

Last Trade

$52.24

Average Daily Volume

3,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFND

The Future Fund Active ETF

FFND Description

Northern Lights Fund Trust II - The Future Fund Active ETF is an exchange traded fund launched by Northern Lights Fund Trust II. The fund is managed by The Future Fund, LLC. It invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. It employs long/short strategy and uses derivatives such as futures and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs proprietary research to create its portfolio. Northern Lights Fund Trust II - The Future Fund Active ETF was formed on August 24, 2021 and is domiciled in the United States. The investment seeks to provide capital appreciation. Under normal market conditions, the fund, which is an actively managed ETF, will primarily invest in the equity securities of companies that the adviser believes to be best positioned to take advantage of or profit from emerging technological or social trends or developments.

Grade (RS Rating)

Last Trade

$26.16

Average Daily Volume

1,170

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVSE	FFND
30 Days	-3.83%	9.93%
60 Days	-2.16%	12.41%
90 Days	-1.62%	11.80%
12 Months	15.24%	36.99%

1 Overlapping Holdings

	Symbol	Grade	Weight in AVSE	Weight in FFND	Overlap
	BABA	D	1.7%	1.69%	1.69%

AVSE Overweight 88 Positions Relative to FFND

Symbol	Grade	Weight
TSM	B	5.8%
INFY	B	0.76%
PDD	F	0.73%
HDB	C	0.57%
NTES	D	0.57%
KB	B	0.5%
IBN	C	0.48%
YUMC	C	0.41%
SHG	D	0.38%
ITUB	F	0.34%
LI	F	0.29%
CPNG	D	0.27%
TCOM	B	0.27%
HTHT	D	0.25%
ASX	D	0.23%
VIPS	F	0.23%
UMC	F	0.23%
BAP	B	0.19%
ZTO	F	0.19%
GFI	D	0.18%
BEKE	D	0.17%
BBD	D	0.17%
PAC	B	0.17%
SUZ	C	0.14%
CIG	C	0.13%
TLK	D	0.13%
STNE	F	0.11%
SBS	B	0.11%
QFIN	B	0.1%
BCH	F	0.09%
TME	D	0.09%
FMX	F	0.09%
RDY	F	0.09%
LPL	F	0.09%
OMAB	D	0.09%
ASR	D	0.08%
ABEV	F	0.08%
EBR	F	0.08%
ASAI	F	0.08%
CAR	C	0.08%
WIT	A	0.07%
SBSW	D	0.07%
SKM	D	0.07%
VIV	F	0.06%
TKC	C	0.06%
CHT	D	0.06%
MNSO	F	0.06%
ATHM	D	0.06%
IQ	F	0.06%
ELP	F	0.05%
BGNE	D	0.05%
KT	A	0.05%
SCCO	F	0.05%
TV	F	0.05%
YY	C	0.05%
BIDU	F	0.05%
SGRP	D	0.04%
CIB	B	0.04%
MOMO	D	0.04%
IFS	B	0.04%
AKO.A	F	0.04%
BSAC	F	0.04%
IMOS	F	0.03%
NOAH	D	0.03%
LX	C	0.03%
PHI	D	0.03%
WB	D	0.03%
PAGS	F	0.03%
SQM	F	0.03%
BGNE	D	0.03%
ASAI	F	0.03%
VNET	B	0.02%
BSBR	F	0.02%
CCU	D	0.02%
NIO	F	0.02%
SOHU	F	0.02%
PDSB	F	0.01%
XPEV	C	0.01%
BZ	F	0.01%
NIU	F	0.0%
DAO	B	0.0%
TIGR	D	0.0%
BILI	D	0.0%
TUYA	F	0.0%
CANG	B	0.0%
API	C	0.0%
TAL	F	0.0%
CAAS	C	0.0%

AVSE Underweight 31 Positions Relative to FFND

Symbol	Grade	Weight
NVDA	C	-9.49%
GOOGL	C	-7.85%
CRM	B	-4.89%
NFLX	A	-4.58%
LLY	F	-4.25%
TSLA	B	-3.94%
LPLA	A	-3.49%
PANW	C	-3.36%
FTI	A	-3.31%
ERJ	B	-3.28%
UBER	D	-3.17%
GTLB	B	-2.93%
DDOG	A	-2.88%
DASH	A	-2.87%
GTLS	B	-2.82%
MU	D	-2.75%
YETI	C	-2.35%
GLW	B	-2.32%
ABNB	C	-2.3%
DKNG	B	-2.26%
EW	C	-2.07%
FND	C	-2.02%
VRTX	F	-1.86%
GPRE	F	-1.84%
AMD	F	-1.71%
JD	D	-1.49%
HALO	F	-1.44%
KTOS	B	-1.26%
CELH	F	-1.17%
GLOB	B	-1.13%
ONON	A	-1.1%