BOUT vs. REM ETF Comparison

Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to iShares Mortgage Real Estate Capped ETF (REM)

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

$40.67

Average Daily Volume

3,050

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REM

iShares Mortgage Real Estate Capped ETF

REM Description

The investment seeks to track the investment results of an index composed of U.S. real estate investment trusts ("REITs") that hold U.S. residential and commercial mortgages. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the residential and commercial mortgage real estate, mortgage finance and savings associations sectors of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.96

Average Daily Volume

408,343

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOUT	REM
30 Days	10.23%	0.59%
60 Days	10.93%	-3.04%
90 Days	11.26%	-0.68%
12 Months	34.57%	12.49%

0 Overlapping Holdings

	Symbol	Grade	Weight in BOUT	Weight in REM	Overlap

BOUT Overweight 44 Positions Relative to REM

Symbol	Grade	Weight
PACS	F	4.48%
MS	A	4.47%
LBRDK	C	4.44%
NEM	D	4.42%
VIK	B	4.39%
EXPE	B	4.28%
EQIX	A	4.25%
AHR	A	4.24%
IDCC	A	4.01%
ETN	A	3.82%
SPGI	C	3.81%
EQH	B	3.78%
CRM	B	3.73%
BAH	F	3.73%
DVA	B	3.71%
PGR	A	3.63%
CRDO	B	2.87%
VRNS	D	2.61%
ULS	B	2.59%
IR	B	2.49%
DT	C	2.49%
NMIH	D	2.44%
ONON	A	2.35%
COLL	F	2.23%
TSM	B	1.31%
TBBK	B	1.28%
NOW	A	1.27%
CDNA	D	1.24%
SCCO	F	1.22%
SN	D	1.2%
TCOM	B	1.14%
BEKE	D	1.06%
ROAD	A	0.45%
AXON	A	0.43%
TPH	D	0.42%
IBKR	A	0.42%
CWAN	B	0.42%
AVGO	D	0.42%
ALKT	B	0.42%
GMED	A	0.41%
CORT	B	0.41%
ACGL	D	0.4%
PLMR	B	0.39%
JD	D	0.38%

BOUT Underweight 33 Positions Relative to REM

Symbol	Grade	Weight
NLY	C	-15.54%
AGNC	D	-11.23%
STWD	C	-9.72%
RITM	C	-8.6%
ABR	C	-5.06%
BXMT	C	-4.71%
LADR	B	-3.13%
ARI	C	-3.09%
TWO	D	-2.86%
CIM	D	-2.81%
RC	D	-2.76%
PMT	D	-2.71%
MFA	D	-2.67%
FBRT	C	-2.51%
EFC	C	-2.42%
RWT	D	-2.22%
DX	B	-2.2%
ARR	D	-2.18%
BRSP	B	-1.9%
KREF	D	-1.59%
CMTG	F	-1.34%
ORC	B	-1.33%
NYMT	C	-1.28%
TRTX	B	-1.25%
IVR	F	-0.95%
ACRE	C	-0.9%
REFI	A	-0.64%
GPMT	C	-0.41%
AFCG	D	-0.39%
SEVN	D	-0.39%
NREF	A	-0.33%
AOMR	D	-0.26%
SUNS	C	-0.2%