CARK vs. SPRX ETF Comparison

Comparison of The Advisors? Inner Circle Fund II CastleArk Large Growth ETF (CARK) to Spear Alpha ETF (SPRX)

CARK

The Advisors? Inner Circle Fund II CastleArk Large Growth ETF

CARK Description

The fund is an actively managed exchange-traded Fund ("ETF"). Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in common stock of large-capitalization companies. The fund may also invest up to 20% of its net assets, plus borrowings for investment purposes, in common stock of mid-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$40.14

Average Daily Volume

317

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$26.43

Average Daily Volume

21,769

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARK	SPRX
30 Days	2.37%	11.28%
60 Days	4.06%	16.53%
90 Days	4.35%	15.66%
12 Months		42.23%

3 Overlapping Holdings

Symbol	Grade	Weight in CARK	Weight in SPRX	Overlap
ANET	C	3.83%	3.39%	3.39%
NVDA	C	13.68%	13.96%	13.68%
SHOP	B	0.96%	2.72%	0.96%

CARK Overweight 24 Positions Relative to SPRX

Symbol	Grade	Weight
MSFT	F	11.7%
AAPL	C	8.86%
AMZN	C	7.52%
GOOGL	C	5.75%
BX	A	4.63%
META	D	4.61%
MA	C	4.53%
NOW	A	4.07%
V	A	4.03%
NFLX	A	3.35%
ISRG	A	3.15%
VRTX	F	2.5%
LLY	F	2.13%
FICO	B	2.0%
APO	B	1.97%
TTD	B	1.96%
SBUX	A	1.46%
HD	A	1.45%
UBER	D	1.2%
SNPS	B	1.15%
TT	A	1.02%
ADBE	C	0.78%
AMAT	F	0.56%
LRCX	F	0.56%

CARK Underweight 25 Positions Relative to SPRX

Symbol	Grade	Weight
S	B	-9.02%
MRVL	B	-7.22%
TSLA	B	-7.18%
ZS	C	-6.18%
TER	D	-4.99%
DDOG	A	-4.94%
NET	B	-4.79%
CEG	D	-4.65%
CRDO	B	-3.42%
AMD	F	-3.34%
ON	D	-2.97%
WOLF	F	-2.83%
CFLT	B	-2.42%
GTLB	B	-2.12%
COHR	B	-1.96%
AMKR	D	-1.75%
APH	A	-1.38%
GEV	B	-1.13%
CRWD	B	-1.08%
SNOW	C	-0.97%
NRG	B	-0.76%
MU	D	-0.43%
PANW	C	-0.2%
RIO	D	-0.0%
ROK	B	-0.0%