ECML vs. EHLS ETF Comparison

Comparison of EA Series Trust Euclidean Fundamental Value ETF (ECML) to Even Herd Long Short ETF (EHLS)

ECML

EA Series Trust Euclidean Fundamental Value ETF

ECML Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in U.S. equity securities that the sub-adviser believes are under-valued and under-appreciated by the market. The sub-adviser employs a quantitative and systematic approach to long-term investing. It is expected that the fund will generally hold 60 to 70 stocks that are selected from a universe that includes all publicly traded stocks listed on the New York Stock Exchange ("NYSE") and the Nasdaq Market ("Nasdaq").

Grade (RS Rating)

Last Trade

$34.23

Average Daily Volume

828

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EHLS

Even Herd Long Short ETF

EHLS Description

EHLS seeks long-term capital appreciation through a momentum-focused strategy that takes both long and short positions in US equity securities. In selecting securities, the fund employs a proprietary algorithm that emphasizes a dynamic, trend-focused analysis, instead of a strictly bottom-up valuation analysis, driven by price movements and other data points based on market trends and stock momentum. The sub-adviser may adjust its proprietary system that is continuously optimized and refined. The fund strategy involves taking long positions in equity securities exhibiting strong upward momentum and short positions in those showing downward momentum. The actively managed fund targets a net equity exposure from 40% to 90% net long, subject to adjustments based on market conditions. The fund aims to maintain 100% long and 10-60% short exposure. Short sales may include entering into swap agreements or the use of leverage.

Grade (RS Rating)

Last Trade

$21.05

Average Daily Volume

3,616

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ECML	EHLS
30 Days	4.57%	3.44%
60 Days	7.29%	12.80%
90 Days	9.67%	3.45%
12 Months	28.07%

1 Overlapping Holdings

	Symbol	Grade	Weight in ECML	Weight in EHLS	Overlap
	GRBK	C	2.06%	1.98%	1.98%

ECML Overweight 9 Positions Relative to EHLS

Symbol	Grade	Weight
TOL	C	1.89%
MLI	B	1.88%
KBH	D	1.86%
HSII	D	1.86%
COKE	C	1.83%
ALSN	A	1.81%
VNOM	A	1.79%
GPI	C	1.79%
NVR	C	1.79%

ECML Underweight 8 Positions Relative to EHLS

Symbol	Grade	Weight
NXRT	D	-1.96%
GDS	B	-1.79%
FICO	C	-1.78%
HWM	A	-1.69%
THC	D	-1.66%
AX	D	-1.64%
AVPT	A	-1.62%
AMAL	B	-1.6%