GIAX vs. GDMA ETF Comparison

Comparison of Nicholas Global Equity and Income ETF (GIAX) to Gadsden Dynamic Multi-Asset ETF (GDMA)

GIAX

Nicholas Global Equity and Income ETF

GIAX Description

The fund"s strategy includes two components: (i) holding shares of unaffiliated passively managed ETFs that seek to provide exposure to a range of global equity securities ("Index ETFs") and (ii) selling daily index credit call spreads ("Index Call Spreads") on one or more US equity indices. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$19.85

Average Daily Volume

35,758

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GDMA

Gadsden Dynamic Multi-Asset ETF

GDMA Description

The investment seeks total return. The fund seeks to achieve its investment objective by investing (i) approximately 80% of its total assets with exposure to a variety of asset classes, geographies, and market capitalizations generally based on a long-term view of macroeconomic factors and (ii) approximately 20% of its total assets to add or reduce exposure to one or more asset classes generally based on a short-term view of the market. It may invest in futures contracts to gain long or short exposure to one or more asset classes.

Grade (RS Rating)

Last Trade

$32.66

Average Daily Volume

4,907

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GIAX	GDMA
30 Days	1.64%	-0.84%
60 Days	2.86%	1.01%
90 Days	2.29%	2.23%
12 Months		11.13%

3 Overlapping Holdings

Symbol	Grade	Weight in GIAX	Weight in GDMA	Overlap
AMZN	B	1.3%	1.08%	1.08%
NVDA	A	1.33%	0.61%	0.61%
TSLA	A	1.53%	1.21%	1.21%

GIAX Overweight 13 Positions Relative to GDMA

Symbol	Grade	Weight
VTWO	B	17.06%
VIG	B	16.21%
QQQ	B	8.44%
ARGT	A	4.49%
FLIN	D	3.63%
FRDM	D	3.2%
TSM	B	1.97%
UMC	F	1.56%
GOOGL	B	1.21%
META	C	1.21%
AAPL	C	1.14%
MSFT	D	1.07%
PKX	F	0.83%

GIAX Underweight 8 Positions Relative to GDMA

Symbol	Grade	Weight
SGOL	C	-8.96%
CLOZ	A	-4.91%
HYEM	B	-2.94%
IBIT	A	-2.58%
GSEW	A	-1.99%
SCHV	A	-1.98%
GOOG	B	-1.04%
SIVR	C	-0.49%