HFND vs. GIAX ETF Comparison

Comparison of Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) to Nicholas Global Equity and Income ETF (GIAX)

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.78

Average Daily Volume

7,151

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$19.94

Average Daily Volume

36,702

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HFND	GIAX
30 Days	0.67%	1.83%
60 Days	2.70%	3.32%
90 Days	3.81%	4.25%
12 Months	11.56%

1 Overlapping Holdings

	Symbol	Grade	Weight in HFND	Weight in GIAX	Overlap
	VTWO	B	1.59%	17.06%	1.59%

HFND Overweight 8 Positions Relative to GIAX

Symbol	Grade	Weight
BKLN	A	4.79%
ICVT	A	4.42%
CMBS	C	3.41%
IGHG	A	2.51%
VFMO	A	2.11%
PFF	D	0.27%
VMBS	D	-0.78%
XLRE	C	-1.18%

HFND Underweight 15 Positions Relative to GIAX

Symbol	Grade	Weight
VIG	A	-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%
TSLA	B	-1.53%
NVDA	B	-1.33%
AMZN	C	-1.3%
GOOGL	C	-1.21%
META	D	-1.21%
AAPL	C	-1.14%
MSFT	D	-1.07%
PKX	D	-0.83%