FFLS vs. IVES ETF Comparison

Comparison of The Future Fund Long/Short ETF (FFLS) to Wedbush ETFMG Global Cloud Technology ETF (IVES)

FFLS

The Future Fund Long/Short ETF

FFLS Description

Under normal conditions, the fund, which is an actively managed exchange traded fund or "ETF", will invest at least 80% of its assets in long and short positions in U.S. exchange-listed equity securities and American Depositary Receipts (ADRs). The fund may invest in the equity securities of companies of any market capitalization although the fund will primarily invest (at least 65% of its assets) in mid and large capitalization companies (companies with market capitalizations in excess of $2 billion). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.89

Average Daily Volume

4,616

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$49.21

Average Daily Volume

1,131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLS	IVES
30 Days	1.99%	7.17%
60 Days	6.37%	5.41%
90 Days	4.48%	7.27%
12 Months	20.30%	43.26%

8 Overlapping Holdings

Symbol	Grade	Weight in FFLS	Weight in IVES	Overlap
AMD	F	2.41%	1.8%	1.8%
BABA	D	1.68%	1.7%	1.68%
DDOG	A	2.84%	2.16%	2.16%
GOOGL	C	6.34%	2.33%	2.33%
GTLB	B	3.21%	2.56%	2.56%
MU	D	3.43%	2.18%	2.18%
NVDA	B	7.31%	2.55%	2.55%
VRT	B	-2.13%	2.52%	-2.13%

FFLS Overweight 41 Positions Relative to IVES

Symbol	Grade	Weight
CRM	B	4.74%
NFLX	A	4.64%
LPLA	A	4.05%
DASH	B	3.88%
FTI	A	3.32%
ERJ	A	3.29%
UBER	F	3.26%
LLY	F	3.14%
PANW	B	2.98%
ABNB	C	2.88%
EW	C	2.79%
GLW	B	2.41%
GTLS	A	2.24%
FND	D	2.13%
DKNG	B	2.08%
VRTX	D	1.95%
YETI	D	1.85%
GPRE	F	1.8%
JD	D	1.53%
HALO	F	1.15%
ONON	A	1.06%
KTOS	B	1.04%
CELH	F	0.96%
GLOB	B	0.88%
AFRM	A	-0.72%
ACHC	F	-1.07%
CRL	D	-1.08%
RH	C	-1.38%
ISRG	A	-1.58%
APH	A	-1.71%
MEDP	D	-1.78%
ROL	B	-1.83%
ON	D	-2.01%
HRB	D	-2.37%
NXPI	D	-2.54%
FAST	B	-2.83%
PWR	A	-2.84%
PVH	C	-2.91%
URI	C	-3.13%
FICO	B	-3.28%
COIN	C	-3.76%

FFLS Underweight 28 Positions Relative to IVES

Symbol	Grade	Weight
TEAM	A	-3.08%
CFLT	B	-2.89%
MRVL	B	-2.71%
APPN	B	-2.53%
DELL	B	-2.43%
AMZN	C	-2.4%
CDNS	B	-2.38%
SNPS	B	-2.38%
ORCL	A	-2.38%
MDB	B	-2.36%
SNOW	B	-2.35%
INTC	C	-2.29%
CIEN	C	-2.28%
HPE	B	-2.26%
HPQ	B	-2.21%
MSFT	D	-2.18%
HCP	B	-2.15%
AVGO	D	-2.14%
ANET	C	-2.14%
JNPR	D	-2.13%
AAPL	C	-2.12%
NTAP	C	-2.1%
QCOM	F	-2.08%
WDC	D	-2.07%
IBM	C	-2.0%
DOCN	C	-1.92%
MPWR	F	-1.48%
SMCI	F	-1.13%