EHLS vs. IBHH ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to iShares iBonds 2028 Term High Yield and Income ETF (IBHH)

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

$19.94

Average Daily Volume

3,626

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IBHH

iShares iBonds 2028 Term High Yield and Income ETF

IBHH Description

The investment seeks to track the investment results of the Bloomberg 2028 Term High Yield and Income Index composed of U.S. dollar-denominated, high yield and other income generating corporate bonds maturing in 2028. The index is composed of U.S. dollar denominated, taxable, fixed-rate, high yield and BBB or equivalently rated corporate bonds scheduled to mature between January 1, 2028 and December 15, 2028, inclusive. The fund will invest in non-U.S. issuers to the extent necessary for it to track the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.54

Average Daily Volume

57,089

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	IBHH
30 Days	5.64%	2.33%
60 Days	-2.17%	2.33%
90 Days	-0.94%	3.40%
12 Months		11.88%

1 Overlapping Holdings

	Symbol	Grade	Weight in EHLS	Weight in IBHH	Overlap
	THC	B	1.66%	1.27%	1.27%

EHLS Overweight 8 Positions Relative to IBHH

Symbol	Grade	Weight
GRBK	B	1.98%
NXRT	B	1.96%
GDS	A	1.79%
FICO	A	1.78%
HWM	B	1.69%
AX	C	1.64%
AVPT	A	1.62%
AMAL	B	1.6%

EHLS Underweight 6 Positions Relative to IBHH

Symbol	Grade	Weight
CCL	D	-1.09%
NFLX	B	-1.06%
CNC	D	-1.06%
CQP	D	-1.04%
OGN	C	-1.01%
SIRI	F	-0.95%