ITAN vs. PVAL ETF Comparison

Comparison of Sparkline Intangible Value ETF (ITAN) to Putnam Focused Large Cap Value ETF (PVAL)

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

$29.90

Average Daily Volume

5,875

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

PVAL

Putnam Focused Large Cap Value ETF

PVAL Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Contrarian Value Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities in the Nasdaq US Large Mid Cap Index (the parent index) that appear to be undervalued by the market relative to their fundamental value.

Grade (RS Rating)

Last Trade

$37.80

Average Daily Volume

323,075

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	PVAL
30 Days	2.57%	2.72%
60 Days	3.57%	2.50%
90 Days	5.31%	4.71%
12 Months	27.97%	30.74%

12 Overlapping Holdings

Symbol	Grade	Weight in ITAN	Weight in PVAL	Overlap
CHTR	D	0.7%	1.1%	0.7%
COF	A	0.93%	2.63%	0.93%
EMN	B	0.37%	1.35%	0.37%
FDX	F	0.92%	2.19%	0.92%
GM	B	0.93%	1.74%	0.93%
JCI	B	0.63%	2.28%	0.63%
LUV	C	0.32%	1.21%	0.32%
NOC	A	0.93%	1.4%	0.93%
NXPI	D	0.72%	3.04%	0.72%
ORCL	B	2.72%	2.74%	2.72%
QCOM	F	1.77%	1.84%	1.77%
TMUS	C	1.28%	1.32%	1.28%

ITAN Overweight 138 Positions Relative to PVAL

Symbol	Grade	Weight
AMZN	C	4.66%
META	A	2.94%
CRM	D	1.89%
GOOGL	D	1.88%
GOOG	D	1.87%
IBM	A	1.81%
CSCO	B	1.69%
ACN	C	1.57%
T	C	1.57%
PFE	C	1.44%
VZ	B	1.38%
INTC	F	1.26%
WFC	D	1.25%
MDT	C	1.22%
RTX	C	1.22%
DELL	C	1.2%
DIS	D	1.09%
HON	D	1.08%
TGT	C	1.06%
BA	F	1.03%
PYPL	B	0.98%
MMM	A	0.95%
BMY	C	0.95%
CVS	F	0.95%
CMCSA	D	0.95%
GILD	B	0.91%
LMT	B	0.9%
F	F	0.83%
PANW	C	0.8%
CMI	C	0.8%
SQ	D	0.78%
CTSH	C	0.75%
HPQ	D	0.74%
ALL	B	0.73%
CNC	C	0.72%
EBAY	B	0.72%
GD	B	0.72%
BDX	F	0.71%
DASH	B	0.66%
LHX	C	0.64%
WDAY	D	0.63%
NTAP	D	0.61%
WDC	D	0.61%
GLW	B	0.6%
UAL	C	0.58%
HPE	D	0.58%
ADSK	C	0.58%
ILMN	C	0.56%
TEL	D	0.55%
DAL	C	0.54%
EXPE	C	0.53%
SNAP	F	0.53%
PRU	C	0.53%
BAX	C	0.53%
J	C	0.52%
BBY	C	0.52%
HUM	F	0.51%
KR	C	0.51%
WBD	D	0.5%
IQV	D	0.5%
LDOS	B	0.5%
ZBRA	B	0.49%
CAH	C	0.49%
BAH	B	0.48%
ZS	F	0.48%
EA	D	0.47%
CVNA	B	0.47%
DD	B	0.46%
BIIB	F	0.46%
VTRS	D	0.46%
JNPR	A	0.45%
FFIV	B	0.45%
UBER	C	0.45%
DOCU	C	0.44%
ROK	F	0.43%
ROKU	C	0.43%
DGX	C	0.43%
CACI	B	0.42%
OKTA	F	0.42%
PSTG	F	0.42%
ZM	C	0.42%
DVA	B	0.41%
NTNX	C	0.41%
ACM	B	0.4%
TRU	B	0.4%
Z	B	0.4%
TWLO	C	0.39%
JLL	B	0.39%
EXAS	C	0.39%
DBX	D	0.38%
JBL	D	0.37%
HAL	F	0.37%
W	D	0.36%
TRMB	C	0.36%
MU	F	0.36%
CIEN	C	0.36%
AKAM	D	0.36%
IP	C	0.35%
AAL	D	0.34%
TPR	C	0.32%
ACI	F	0.32%
SWK	B	0.32%
U	D	0.32%
ELAN	D	0.31%
APTV	D	0.31%
WBA	F	0.31%
HAS	B	0.3%
ALLY	D	0.3%
LYFT	D	0.29%
SWKS	F	0.29%
JAZZ	D	0.28%
ETSY	F	0.28%
RUN	C	0.28%
ARW	C	0.27%
WHR	C	0.27%
PII	D	0.27%
RIVN	F	0.27%
PARA	F	0.27%
DOX	C	0.26%
TAP	D	0.26%
MTCH	C	0.25%
AGCO	D	0.25%
IVZ	B	0.25%
PATH	D	0.24%
QRVO	F	0.24%
BIO	C	0.24%
MAT	C	0.24%
HRB	C	0.24%
BWA	D	0.23%
DLB	D	0.23%
GAP	F	0.22%
ALK	C	0.22%
NOV	D	0.22%
FLR	D	0.2%
MASI	D	0.2%
RHI	D	0.2%
XRAY	D	0.18%
M	F	0.16%

ITAN Underweight 32 Positions Relative to PVAL

Symbol	Grade	Weight
XOM	D	-3.96%
WMT	B	-3.59%
BAC	D	-3.51%
APO	B	-3.45%
REGN	C	-3.13%
GS	C	-2.95%
C	D	-2.82%
KO	B	-2.71%
MCK	F	-2.68%
TMO	C	-2.67%
CI	C	-2.53%
PHM	B	-2.49%
HLT	B	-2.49%
COP	D	-2.42%
MSFT	C	-2.42%
SNY	B	-2.33%
PG	C	-2.33%
AIG	D	-2.3%
GLPI	C	-2.26%
IR	C	-2.18%
FCX	D	-2.17%
NRG	A	-2.07%
BJ	D	-1.79%
VLO	F	-1.64%
ORLY	D	-1.63%
SCHW	D	-1.61%
EXC	B	-1.46%
CEG	A	-1.38%
ABBV	C	-1.34%
BALL	C	-1.3%
CTVA	B	-1.3%
URI	B	-1.1%