IDAT vs. SPRX ETF Comparison

Comparison of Cloud Data Tech and Consumer ETF (IDAT) to Spear Alpha ETF (SPRX)

IDAT

Cloud Data Tech and Consumer ETF

IDAT Description

The fund will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.91

Average Daily Volume

1,424

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$24.18

Average Daily Volume

53,403

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IDAT	SPRX
30 Days	4.87%	7.71%
60 Days	11.05%	5.64%
90 Days	9.09%	5.18%
12 Months	34.77%	34.86%

7 Overlapping Holdings

Symbol	Grade	Weight in IDAT	Weight in SPRX	Overlap
ANET	A	3.49%	1.31%	1.31%
CFLT	C	1.32%	4.61%	1.32%
DDOG	B	2.4%	4.87%	2.4%
MRVL	C	2.96%	4.66%	2.96%
MU	C	3.78%	0.39%	0.39%
NET	B	2.31%	7.56%	2.31%
NVDA	B	5.62%	12.57%	5.62%

IDAT Overweight 27 Positions Relative to SPRX

Symbol	Grade	Weight
PSTG	B	4.11%
AVGO	B	3.82%
WDC	B	3.47%
QCOM	B	3.23%
NXPI	B	2.78%
NTNX	C	2.78%
STX	B	2.76%
JNPR	B	2.64%
QRVO	B	2.55%
DD	C	2.34%
SWKS	C	2.24%
CIEN	F	2.15%
MTSI	A	1.93%
AMT	B	1.89%
TWLO	D	1.74%
DT	F	1.74%
CCI	D	1.69%
AKAM	F	1.64%
ESTC	B	1.6%
INTC	C	1.57%
SBAC	F	1.56%
KD	C	1.42%
LITE	B	1.17%
BDC	C	1.15%
TDC	C	0.82%
DIOD	C	0.78%
GDS	B	0.3%

IDAT Underweight 15 Positions Relative to SPRX

Symbol	Grade	Weight
ZS	B	-9.73%
SNOW	D	-6.82%
AMD	B	-6.41%
SHOP	C	-5.98%
CRWD	B	-5.09%
APH	B	-4.68%
CEG	B	-4.65%
S	C	-4.56%
NRG	D	-4.31%
HUBS	C	-3.79%
PANW	B	-3.18%
GTLB	C	-1.82%
NVT	D	-0.79%
RIO	C	-0.0%
ROK	D	-0.0%