BOUT vs. AADR ETF Comparison

Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to WCM BNY Mellon Focused Growth ADR ETF (AADR)

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$37.01

Average Daily Volume

1,998

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AADR

WCM BNY Mellon Focused Growth ADR ETF

AADR Description

The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.

Grade (RS Rating)

Last Trade

$64.14

Average Daily Volume

495

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOUT	AADR
30 Days	2.00%	0.93%
60 Days	1.00%	2.32%
90 Days	7.18%	12.08%
12 Months	27.28%	33.06%

1 Overlapping Holdings

	Symbol	Grade	Weight in BOUT	Weight in AADR	Overlap
	TSM	B	1.31%	2.5%	1.31%

BOUT Overweight 43 Positions Relative to AADR

Symbol	Grade	Weight
PACS	A	4.48%
MS	B	4.47%
LBRDK	A	4.44%
NEM	D	4.42%
VIK	A	4.39%
EXPE	B	4.28%
EQIX	B	4.25%
AHR	A	4.24%
IDCC	A	4.01%
ETN	B	3.82%
SPGI	D	3.81%
EQH	B	3.78%
CRM	A	3.73%
BAH	A	3.73%
DVA	D	3.71%
PGR	D	3.63%
CRDO	A	2.87%
VRNS	D	2.61%
ULS	B	2.59%
IR	C	2.49%
DT	B	2.49%
NMIH	D	2.44%
ONON	D	2.35%
COLL	F	2.23%
TBBK	D	1.28%
NOW	A	1.27%
CDNA	D	1.24%
SCCO	B	1.22%
SN	C	1.2%
TCOM	A	1.14%
BEKE	A	1.06%
ROAD	B	0.45%
AXON	B	0.43%
TPH	D	0.42%
IBKR	A	0.42%
CWAN	B	0.42%
AVGO	B	0.42%
ALKT	B	0.42%
GMED	A	0.41%
CORT	B	0.41%
ACGL	F	0.4%
PLMR	D	0.39%
JD	A	0.38%

BOUT Underweight 25 Positions Relative to AADR

Symbol	Grade	Weight
GGAL	B	-5.21%
YPF	A	-5.18%
NVO	F	-5.14%
BMA	B	-4.49%
ERJ	C	-4.0%
PAM	B	-3.74%
ABBV	A	-3.73%
QFIN	B	-3.42%
HMY	B	-3.32%
SAP	B	-3.25%
MUFG	A	-3.24%
MELI	A	-3.07%
RELX	C	-2.98%
VRNA	A	-2.9%
BBVA	B	-2.76%
ERIC	A	-2.74%
BCS	B	-2.73%
SE	B	-2.56%
CHKP	F	-2.45%
TEVA	A	-2.35%
ING	C	-2.27%
SMFG	B	-2.24%
NVS	D	-2.22%
NMR	D	-1.97%
LOGI	D	-1.97%