GCAD vs. UFO ETF Comparison

Comparison of Gabelli Equity Income ETF (GCAD) to Procure Space ETF (UFO)

GCAD

Gabelli Equity Income ETF

GCAD Description

The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Grade (RS Rating)

Last Trade

$35.26

Average Daily Volume

871

Number of Holdings ^*

* may have additional holdings in another (foreign) market

UFO

Procure Space ETF

UFO Description

The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the "S-Network Space Index". The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.23

Average Daily Volume

20,825

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GCAD	UFO
30 Days	2.90%	15.06%
60 Days	4.74%	17.50%
90 Days	4.50%	15.86%
12 Months	33.11%	39.83%

7 Overlapping Holdings

Symbol	Grade	Weight in GCAD	Weight in UFO	Overlap
BA	F	8.08%	1.84%	1.84%
HON	C	4.74%	2.21%	2.21%
LHX	C	3.24%	2.33%	2.33%
LMT	D	4.32%	2.36%	2.36%
NOC	D	3.23%	2.07%	2.07%
RDW	A	1.39%	1.99%	1.39%
RTX	D	3.72%	2.09%	2.09%

GCAD Overweight 24 Positions Relative to UFO

Symbol	Grade	Weight
SPR	D	6.93%
HXL	F	6.04%
MOG.A	B	5.73%
DCO	C	5.35%
CW	C	3.96%
WWD	C	3.94%
HEI	A	3.72%
CR	A	3.68%
HWM	A	3.42%
TXT	D	3.38%
MRCY	C	3.0%
GE	D	2.94%
LDOS	C	2.92%
AIN	C	2.5%
B	A	2.3%
TGI	B	2.08%
GD	D	1.88%
CDRE	F	1.57%
KTOS	B	1.04%
PKE	B	0.96%
AIR	B	0.86%
ATRO	D	0.82%
LLAP	F	0.26%
MYNA	C	0.18%

GCAD Underweight 15 Positions Relative to UFO

Symbol	Grade	Weight
RKLB	A	-8.67%
GSAT	C	-6.86%
TRMB	B	-5.3%
SATS	D	-4.72%
GRMN	B	-4.68%
IRDM	D	-4.66%
SIRI	C	-4.33%
LUNR	B	-4.18%
NPAB	F	-3.72%
PL	B	-3.72%
VSAT	F	-2.41%
CMCSA	B	-2.26%
SPCE	D	-1.2%
BALL	F	-0.56%
CMTL	F	-0.36%