DFNV vs. INNO ETF Comparison

Comparison of TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) to Harbor Disruptive Innovation ETF (INNO)

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$36.99

Average Daily Volume

20,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$17.23

Average Daily Volume

29,808

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNV	INNO
30 Days	8.99%	8.00%
60 Days	10.78%	8.03%
90 Days	13.77%	10.18%
12 Months	41.35%	29.81%

11 Overlapping Holdings

Symbol	Grade	Weight in DFNV	Weight in INNO	Overlap
AMZN	C	0.2%	2.97%	0.2%
CRM	B	2.93%	0.9%	0.9%
CRWD	B	1.7%	0.45%	0.45%
DASH	A	1.53%	2.82%	1.53%
DDOG	A	1.14%	1.38%	1.14%
DT	C	0.66%	0.62%	0.62%
NOW	A	2.72%	3.73%	2.72%
PANW	C	1.96%	0.8%	0.8%
SNOW	C	1.17%	0.43%	0.43%
TEAM	A	1.38%	2.23%	1.38%
ZS	C	0.98%	0.79%	0.79%

DFNV Overweight 88 Positions Relative to INNO

Symbol	Grade	Weight
AAPL	C	7.79%
AVGO	D	4.14%
APP	B	2.69%
ABBV	D	2.59%
JNJ	D	2.45%
ADBE	C	2.35%
PLTR	B	2.33%
INTU	C	2.3%
QCOM	F	2.14%
IBM	C	2.04%
BMY	B	1.99%
GILD	C	1.91%
UBER	D	1.83%
SPOT	B	1.8%
AMGN	D	1.6%
FTNT	C	1.58%
ANET	C	1.58%
MSI	B	1.52%
PYPL	B	1.37%
TTD	B	1.24%
MMM	D	1.24%
ADSK	A	1.24%
VRT	B	1.22%
WDAY	B	1.17%
EA	A	1.09%
VEEV	C	1.04%
RBLX	C	1.0%
UI	A	0.97%
EXPE	B	0.83%
NTAP	C	0.81%
DOCU	A	0.81%
ZM	B	0.8%
MCHP	D	0.79%
NTNX	A	0.78%
RMD	C	0.77%
PTC	A	0.76%
MANH	D	0.75%
DUOL	A	0.72%
PINS	D	0.7%
PSTG	D	0.68%
GEN	B	0.68%
FFIV	B	0.6%
PCTY	B	0.59%
VRSN	F	0.57%
PEGA	A	0.54%
NBIX	C	0.53%
JKHY	D	0.51%
GNRC	B	0.5%
SWKS	F	0.5%
SMAR	A	0.5%
SOLV	C	0.49%
CVLT	B	0.48%
DBX	B	0.48%
LYFT	C	0.48%
HAS	D	0.44%
JAZZ	B	0.44%
ETSY	D	0.42%
NYT	C	0.4%
PATH	C	0.4%
MTCH	D	0.4%
ALTR	B	0.4%
QLYS	C	0.39%
HALO	F	0.38%
TENB	C	0.36%
PI	D	0.36%
BOX	B	0.36%
MAT	D	0.36%
CWAN	B	0.33%
CRUS	D	0.32%
ENPH	F	0.3%
ALKS	B	0.3%
QRVO	F	0.29%
BL	B	0.28%
IGT	F	0.25%
ZETA	D	0.24%
VERX	B	0.23%
RNG	B	0.22%
PLTK	B	0.22%
PRGS	A	0.21%
ALRM	C	0.21%
ACAD	D	0.2%
TDC	D	0.2%
RPD	C	0.19%
YELP	C	0.18%
FLNC	C	0.18%
YOU	D	0.17%
PTGX	C	0.17%
CMPR	D	0.15%

DFNV Underweight 57 Positions Relative to INNO

Symbol	Grade	Weight
NVDA	C	-4.35%
SHOP	B	-3.91%
GOOG	C	-3.38%
CDNS	B	-3.13%
FI	A	-2.94%
MELI	D	-2.85%
PGR	A	-2.82%
URI	B	-2.81%
LIN	D	-2.53%
LRCX	F	-2.42%
DHR	F	-2.42%
TXN	C	-2.3%
IOT	A	-2.16%
TOST	B	-2.03%
META	D	-2.01%
GOOGL	C	-1.96%
MSFT	F	-1.92%
ASND	D	-1.55%
CMG	B	-1.51%
AMD	F	-1.36%
TSM	B	-1.33%
PCOR	B	-1.2%
CGNX	C	-1.2%
NET	B	-1.17%
NFLX	A	-1.14%
HUBS	A	-1.11%
GTLS	B	-1.09%
S	B	-0.84%
SAP	B	-0.84%
SE	B	-0.83%
MEDP	D	-0.82%
ORCL	B	-0.81%
MNDY	C	-0.8%
MTSI	B	-0.77%
GEV	B	-0.67%
SQ	B	-0.65%
ROKU	D	-0.65%
LSCC	D	-0.64%
NU	C	-0.63%
MDB	C	-0.62%
AMAT	F	-0.61%
PODD	C	-0.58%
GLBE	B	-0.57%
LLY	F	-0.54%
OKTA	C	-0.53%
DKNG	B	-0.5%
ICLR	D	-0.46%
TSLA	B	-0.46%
SAIA	B	-0.45%
LEGN	F	-0.41%
MRNA	F	-0.39%
TDG	D	-0.33%
RCKT	F	-0.33%
DXCM	D	-0.32%
CHKP	D	-0.32%
PCVX	D	-0.25%
BCYC	F	-0.16%