ITAN vs. FTA ETF Comparison

Comparison of Sparkline Intangible Value ETF (ITAN) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$31.82

Average Daily Volume

5,628

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$80.94

Average Daily Volume

38,450

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	FTA
30 Days	3.39%	1.82%
60 Days	9.21%	4.97%
90 Days	11.37%	6.72%
12 Months	31.75%	24.57%

47 Overlapping Holdings

Symbol	Grade	Weight in ITAN	Weight in FTA	Overlap
ACN	B	1.47%	0.17%	0.17%
AKAM	F	0.36%	0.53%	0.36%
ALLY	C	0.33%	0.75%	0.33%
BBY	C	0.49%	0.45%	0.45%
BIIB	F	0.42%	0.46%	0.42%
CHTR	B	0.78%	0.62%	0.62%
CMCSA	B	1.07%	0.93%	0.93%
CMI	A	0.88%	0.19%	0.19%
CNC	F	0.6%	0.58%	0.58%
COF	B	1.05%	0.87%	0.87%
CSCO	A	1.8%	0.38%	0.38%
CTSH	A	0.74%	0.74%	0.74%
CVS	F	0.86%	0.8%	0.8%
DAL	A	0.62%	1.04%	0.62%
DD	D	0.45%	0.17%	0.17%
DGX	B	0.41%	0.52%	0.41%
DIS	B	1.07%	0.36%	0.36%
EBAY	C	0.65%	0.49%	0.49%
F	C	0.8%	0.91%	0.8%
FDX	B	0.84%	0.73%	0.73%
GD	C	0.66%	0.17%	0.17%
GM	B	1.02%	1.08%	1.02%
HAL	C	0.35%	0.89%	0.35%
HPE	B	0.6%	0.92%	0.6%
HPQ	B	0.75%	0.37%	0.37%
HUM	D	0.55%	0.32%	0.32%
INTC	C	1.25%	0.79%	0.79%
IP	B	0.39%	0.61%	0.39%
J	D	0.44%	0.19%	0.19%
KR	A	0.51%	0.73%	0.51%
LH	B	0.43%	0.18%	0.18%
LHX	B	0.7%	0.18%	0.18%
LMT	D	0.78%	0.16%	0.16%
LUV	B	0.32%	0.54%	0.32%
MDT	D	1.23%	0.17%	0.17%
NWSA	B	0.33%	0.38%	0.33%
PRU	B	0.51%	0.36%	0.36%
PYPL	A	1.04%	0.18%	0.18%
SWKS	F	0.32%	0.65%	0.32%
T	A	1.52%	0.88%	0.88%
TGT	C	1.02%	0.5%	0.5%
TXT	D	0.28%	0.51%	0.28%
UAL	A	0.76%	1.31%	0.76%
VTRS	B	0.46%	0.8%	0.46%
VZ	D	1.24%	0.63%	0.63%
WFC	A	1.46%	0.87%	0.87%
ZM	B	0.51%	0.4%	0.4%

ITAN Overweight 103 Positions Relative to FTA

Symbol	Grade	Weight
AMZN	A	4.89%
META	B	2.94%
ORCL	A	2.2%
GOOGL	C	2.01%
GOOG	C	2.01%
CRM	B	1.99%
QCOM	F	1.64%
IBM	D	1.62%
TMUS	A	1.44%
PFE	F	1.34%
DELL	C	1.3%
RTX	D	1.15%
HON	B	1.1%
BA	F	1.0%
BMY	B	0.99%
GILD	B	0.93%
PANW	B	0.87%
MMM	C	0.86%
NOC	D	0.86%
SQ	B	0.82%
DASH	A	0.71%
BDX	F	0.71%
ALL	B	0.68%
NXPI	F	0.66%
CVNA	B	0.64%
ADSK	B	0.64%
ILMN	C	0.63%
GLW	B	0.63%
WDAY	B	0.63%
JCI	A	0.62%
WDC	D	0.59%
LDOS	C	0.59%
EXPE	B	0.58%
SNAP	C	0.58%
NTAP	D	0.57%
BAH	C	0.55%
TWLO	B	0.54%
EA	A	0.52%
DOCU	B	0.51%
BAX	F	0.51%
CAH	B	0.49%
NTNX	B	0.48%
FFIV	B	0.47%
ZS	B	0.47%
WBD	B	0.46%
CACI	C	0.46%
ZBRA	B	0.45%
ROK	B	0.44%
ACM	B	0.43%
OKTA	C	0.43%
JNPR	D	0.43%
PSTG	D	0.42%
JLL	C	0.4%
AAL	B	0.39%
ROKU	C	0.38%
JBL	C	0.38%
EXAS	F	0.38%
DBX	B	0.37%
CIEN	B	0.36%
TRMB	B	0.36%
TPR	A	0.35%
DVA	C	0.35%
TRU	D	0.35%
LUMN	C	0.35%
EMN	D	0.33%
WBA	D	0.32%
SPOT	A	0.31%
U	F	0.3%
LYFT	B	0.3%
SWK	F	0.3%
ACI	C	0.3%
TAP	B	0.29%
BIO	C	0.29%
PARA	B	0.29%
ETSY	D	0.29%
HAS	D	0.28%
ANF	C	0.28%
WHR	B	0.27%
W	F	0.27%
JAZZ	B	0.27%
MAT	C	0.27%
MTCH	F	0.27%
MASI	B	0.25%
DOX	C	0.25%
IVZ	B	0.25%
ELAN	C	0.25%
GAP	B	0.24%
RIVN	F	0.24%
BWA	B	0.23%
HRB	D	0.23%
UAA	B	0.23%
PATH	C	0.23%
ARW	F	0.23%
RUN	F	0.23%
ALK	A	0.23%
FLS	B	0.22%
RHI	B	0.21%
AGCO	F	0.2%
NOV	C	0.2%
XRAY	F	0.18%
HOG	D	0.18%
QRVO	F	0.18%
M	C	0.17%

ITAN Underweight 139 Positions Relative to FTA

Symbol	Grade	Weight
SYF	B	-1.14%
STLD	C	-1.03%
PCAR	B	-1.0%
TROW	A	-0.97%
RS	C	-0.97%
CINF	A	-0.95%
COP	C	-0.94%
NUE	D	-0.94%
FOXA	A	-0.93%
CVX	A	-0.93%
AIG	B	-0.92%
XOM	B	-0.91%
CTRA	B	-0.9%
EOG	A	-0.9%
VLO	C	-0.89%
OXY	F	-0.87%
DVN	F	-0.87%
TOL	B	-0.87%
PSX	C	-0.85%
KMI	B	-0.84%
MPC	D	-0.83%
HBAN	A	-0.83%
EG	D	-0.81%
LYB	F	-0.8%
PHM	D	-0.8%
LEN	D	-0.8%
CFG	B	-0.79%
BG	D	-0.79%
LNG	B	-0.79%
ETR	B	-0.78%
EQT	B	-0.78%
CRBG	C	-0.77%
ADM	F	-0.77%
C	B	-0.76%
OC	A	-0.75%
SRE	B	-0.75%
FANG	C	-0.74%
L	A	-0.73%
ATO	B	-0.72%
SLB	C	-0.72%
ZBH	C	-0.71%
XEL	A	-0.71%
AEE	B	-0.7%
ON	F	-0.7%
CNP	B	-0.7%
HIG	C	-0.69%
CF	B	-0.69%
CB	C	-0.68%
APTV	F	-0.68%
ED	D	-0.66%
EXC	C	-0.66%
DG	F	-0.65%
SNA	A	-0.63%
MS	A	-0.63%
DHI	D	-0.62%
BKR	B	-0.61%
MTB	A	-0.6%
BAC	A	-0.58%
CE	F	-0.58%
USB	B	-0.56%
RF	A	-0.56%
TDY	B	-0.56%
FITB	A	-0.55%
STT	B	-0.55%
TRV	B	-0.55%
NI	A	-0.52%
ULTA	C	-0.52%
SYY	D	-0.51%
DE	D	-0.51%
PPL	A	-0.5%
D	D	-0.5%
HRL	F	-0.49%
STX	D	-0.49%
AFL	C	-0.49%
DUK	D	-0.49%
EQR	C	-0.49%
LNT	C	-0.48%
KHC	F	-0.48%
AEP	D	-0.48%
DTE	D	-0.47%
BLDR	C	-0.47%
DOW	F	-0.46%
RJF	A	-0.45%
OKE	A	-0.4%
KEY	B	-0.4%
PNC	B	-0.39%
PKG	B	-0.39%
JBHT	C	-0.38%
KIM	A	-0.37%
RGA	A	-0.36%
DRI	B	-0.36%
CSX	B	-0.36%
TSN	B	-0.35%
DOC	C	-0.35%
WEC	B	-0.35%
SSNC	C	-0.35%
ARE	F	-0.34%
JNJ	D	-0.34%
MOH	F	-0.34%
FE	D	-0.33%
CARR	C	-0.33%
EIX	C	-0.33%
NVR	D	-0.33%
CMS	D	-0.33%
PPG	F	-0.33%
FNF	C	-0.33%
HSY	F	-0.32%
WLK	F	-0.32%
KDP	C	-0.31%
GIS	F	-0.31%
GPC	D	-0.31%
ELV	F	-0.29%
ODFL	B	-0.19%
KEYS	C	-0.18%
APD	B	-0.18%
WRB	B	-0.18%
IEX	B	-0.18%
HOLX	D	-0.17%
MAA	C	-0.17%
LOW	B	-0.17%
UPS	C	-0.17%
HD	B	-0.17%
SBUX	B	-0.17%
NDSN	B	-0.17%
CTVA	C	-0.17%
CLX	A	-0.17%
PFG	C	-0.17%
OMC	A	-0.17%
AWK	D	-0.16%
EXPD	C	-0.16%
CI	D	-0.16%
CPB	F	-0.16%
WY	F	-0.16%
FTV	C	-0.16%
MAS	D	-0.16%
PEP	D	-0.16%
NKE	F	-0.15%
CAG	F	-0.15%
MDLZ	F	-0.15%