BOAT vs. TWIO ETF Comparison

Comparison of SonicShares Global Shipping ETF (BOAT) to Trajan Wealth Income Opportunities ETF (TWIO)

BOAT

SonicShares Global Shipping ETF

BOAT Description

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.43

Average Daily Volume

11,713

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TWIO

Trajan Wealth Income Opportunities ETF

TWIO Description

Spinnaker ETF Series - Trajan Wealth Income Opportunities ETF is an exchange traded fund launched and managed by OBP Capital, LLC. The fund is co-managed by Trajan Wealth, LLC. It invests in the public equity and fixed income markets of the United States. For it equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies operating across diversified market capitalization. For its fixed income, the fund primarily invests in preferred securities and income producing fixed income securities with varying maturities. The fund employs fundamental analysis with bottom-up and top-down securities picking approach to create its portfolio. Spinnaker ETF Series - Trajan Wealth Income Opportunities ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$9.26

Average Daily Volume

6,775

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOAT	TWIO
30 Days	-3.40%	-0.27%
60 Days	-4.13%	-2.06%
90 Days	-2.39%	0.11%
12 Months	22.28%	12.46%

1 Overlapping Holdings

	Symbol	Grade	Weight in BOAT	Weight in TWIO	Overlap
	SBLK	F	3.75%	2.04%	2.04%

BOAT Overweight 22 Positions Relative to TWIO

Symbol	Grade	Weight
MATX	C	6.32%
FRO	D	3.39%
INSW	F	3.14%
STNG	F	3.12%
ZIM	C	2.93%
GOGL	F	2.4%
DHT	F	1.68%
CMRE	C	1.65%
DAC	C	1.64%
SFL	D	1.39%
FLNG	C	1.34%
NVGS	D	1.14%
ECO	F	1.14%
LPG	F	1.09%
GSL	F	0.84%
GNK	D	0.74%
NAT	F	0.63%
ASC	F	0.49%
SB	F	0.48%
PANL	F	0.29%
ESEA	D	0.28%
DSX	F	0.26%

BOAT Underweight 16 Positions Relative to TWIO

Symbol	Grade	Weight
IBM	C	-2.88%
C	A	-2.78%
OGE	A	-2.62%
WMB	A	-2.52%
BX	A	-2.5%
VZ	C	-2.3%
BKH	A	-2.25%
K	A	-2.18%
AIG	B	-1.96%
XOM	B	-1.92%
KO	D	-1.91%
FSK	A	-1.89%
SON	F	-1.89%
PSA	C	-1.87%
CMSC	C	-1.8%
ABBV	F	-1.8%

BOAT: Top Represented Industries & Keywords

Industries: Shipping & Ports Marine Shipping Integrated Shipping & Logistics Oil & Gas Midstream