BYRE vs. UTRN ETF Comparison

Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN)

BYRE

Principal Real Estate Active Opportunities ETF

BYRE Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. It invests primarily in equity securities of U.S. companies, including those of small companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.33

Average Daily Volume

1,388

Number of Holdings ^*

* may have additional holdings in another (foreign) market

UTRN

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Vesper U.S. Large Cap Short-Term Reversal Index (the 'index'). The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of a portfolio of 25 stocks selected from the S&P 500 that Vesper Capital Management, LLC believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm ("Chow's Ratio" or "Algorithm").

Grade (RS Rating)

Last Trade

$26.02

Average Daily Volume

860

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BYRE	UTRN
30 Days	1.22%	1.68%
60 Days	5.05%	1.82%
90 Days	2.13%	1.66%
12 Months	4.23%	10.81%

1 Overlapping Holdings

	Symbol	Grade	Weight in BYRE	Weight in UTRN	Overlap
	DLR	B	3.41%	4.04%	3.41%

BYRE Overweight 21 Positions Relative to UTRN

Symbol	Grade	Weight
VTR	A	8.11%
AMT	B	7.47%
INVH	A	7.01%
EQIX	C	6.75%
EXR	B	6.07%
COLD	C	5.92%
REXR	C	4.79%
WELL	A	4.74%
SUI	C	4.66%
TRNO	B	4.63%
AMH	A	4.4%
SBAC	F	4.37%
GLPI	B	4.15%
SBRA	A	4.08%
VICI	D	3.98%
ARE	C	3.09%
NHI	A	2.42%
RHP	D	2.25%
DRH	D	1.77%
CCI	D	1.66%
VAC	F	1.48%

BYRE Underweight 23 Positions Relative to UTRN

Symbol	Grade	Weight
AXON	C	-4.08%
GLW	B	-4.04%
AAL	F	-4.04%
IDXX	D	-4.04%
HCA	C	-4.03%
CTLT	B	-4.02%
SBUX	F	-4.02%
BKNG	B	-4.02%
CTAS	A	-4.02%
TXN	B	-4.01%
XYL	D	-4.01%
YUM	D	-4.01%
KMB	B	-3.99%
GWW	C	-3.99%
PCAR	D	-3.98%
IPG	F	-3.98%
PAYX	D	-3.97%
FIS	B	-3.97%
FAST	D	-3.97%
URI	D	-3.97%
WAT	D	-3.96%
SNA	F	-3.95%
A	D	-3.92%