ITAN vs. SIZE ETF Comparison

Comparison of Sparkline Intangible Value ETF (ITAN) to iShares MSCI USA Size Factor (SIZE)

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

SIZE

iShares MSCI USA Size Factor

SIZE Description

The investment seeks to track the performance of MSCI USA Risk Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with relatively smaller average market capitalization, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Risk Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$147.94

Average Daily Volume

4,160

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	SIZE
30 Days	2.57%	2.44%
60 Days	3.57%	4.40%
90 Days	5.31%	7.48%
12 Months	27.97%	26.83%

13 Overlapping Holdings

Symbol	Grade	Weight in ITAN	Weight in SIZE	Overlap
ACN	C	1.68%	1.68%	1.68%
BBY	C	0.53%	0.31%	0.31%
CSCO	B	1.69%	1.53%	1.53%
EA	D	0.5%	0.18%	0.18%
GOOG	D	1.81%	1.43%	1.43%
GOOGL	D	1.81%	1.65%	1.65%
LMT	B	0.94%	1.17%	0.94%
META	A	2.89%	3.93%	2.89%
MMM	A	0.95%	0.53%	0.53%
NTAP	D	0.61%	0.22%	0.22%
QCOM	F	1.76%	1.22%	1.22%
ROK	F	0.44%	0.2%	0.2%
WBA	F	0.32%	0.03%	0.03%

ITAN Overweight 137 Positions Relative to SIZE

Symbol	Grade	Weight
AMZN	C	4.77%
ORCL	B	2.67%
CRM	D	1.91%
IBM	A	1.79%
T	C	1.63%
PFE	C	1.49%
VZ	B	1.43%
TMUS	C	1.33%
MDT	C	1.3%
WFC	D	1.29%
RTX	C	1.28%
INTC	F	1.2%
DELL	C	1.14%
HON	D	1.12%
BA	F	1.1%
TGT	C	1.06%
DIS	D	1.06%
CMCSA	D	0.99%
BMY	C	0.97%
PYPL	B	0.96%
CVS	F	0.96%
NOC	A	0.96%
GILD	B	0.92%
COF	A	0.91%
FDX	F	0.9%
GM	B	0.89%
PANW	C	0.87%
CMI	C	0.82%
F	F	0.81%
CTSH	C	0.78%
GD	B	0.75%
ALL	B	0.74%
HPQ	D	0.74%
SQ	D	0.74%
BDX	F	0.74%
NXPI	D	0.72%
EBAY	B	0.71%
CHTR	D	0.69%
CNC	C	0.69%
WDAY	D	0.67%
LHX	C	0.66%
DASH	B	0.65%
JCI	B	0.64%
WDC	D	0.62%
ADSK	C	0.59%
GLW	B	0.59%
HUM	F	0.58%
BAX	C	0.57%
TEL	D	0.56%
ILMN	C	0.55%
UAL	C	0.54%
HPE	D	0.53%
PRU	C	0.53%
J	C	0.53%
LDOS	B	0.52%
DAL	C	0.52%
CAH	C	0.52%
KR	C	0.51%
EXPE	C	0.51%
IQV	D	0.5%
BIIB	F	0.49%
BAH	B	0.49%
SNAP	F	0.49%
ZBRA	B	0.48%
JNPR	A	0.46%
ZS	F	0.46%
NTNX	C	0.45%
VTRS	D	0.45%
DD	B	0.45%
FFIV	B	0.44%
DGX	C	0.44%
UBER	C	0.44%
DOCU	C	0.44%
ZM	C	0.44%
WBD	D	0.43%
OKTA	F	0.42%
CACI	B	0.42%
PSTG	F	0.41%
TRU	B	0.4%
CVNA	B	0.4%
JLL	B	0.4%
ROKU	C	0.4%
ACM	B	0.4%
DVA	B	0.39%
HAL	F	0.38%
TWLO	C	0.38%
AKAM	D	0.37%
MU	F	0.37%
DBX	D	0.37%
JBL	D	0.36%
Z	B	0.36%
EXAS	C	0.36%
CIEN	C	0.35%
AAL	D	0.35%
EMN	B	0.35%
TRMB	C	0.35%
IP	C	0.34%
LUV	C	0.33%
W	D	0.32%
ELAN	D	0.32%
ACI	F	0.32%
TPR	C	0.31%
SWKS	F	0.31%
ALLY	D	0.3%
SWK	B	0.3%
APTV	D	0.3%
RIVN	F	0.29%
HAS	B	0.29%
LYFT	D	0.28%
JAZZ	D	0.28%
ETSY	F	0.28%
PARA	F	0.27%
TAP	D	0.27%
U	D	0.27%
MTCH	C	0.26%
QRVO	F	0.26%
PII	D	0.26%
DOX	C	0.26%
WHR	C	0.26%
ARW	C	0.26%
RUN	C	0.25%
HRB	C	0.25%
BIO	C	0.24%
PATH	D	0.24%
MAT	C	0.24%
AGCO	D	0.24%
IVZ	B	0.24%
BWA	D	0.23%
ALK	C	0.23%
DLB	D	0.23%
GAP	F	0.22%
NOV	D	0.22%
RHI	D	0.21%
MASI	D	0.21%
FLR	D	0.19%
XRAY	D	0.17%
M	F	0.16%

ITAN Underweight 110 Positions Relative to SIZE

Symbol	Grade	Weight
NVDA	D	-5.9%
AAPL	C	-5.47%
MSFT	C	-4.74%
LLY	C	-4.3%
V	C	-4.24%
MA	B	-4.06%
UNH	C	-2.87%
COST	B	-2.62%
JNJ	C	-2.35%
TJX	C	-2.06%
ADBE	F	-1.91%
KO	B	-1.69%
ADP	B	-1.66%
COP	D	-1.62%
NFLX	B	-1.51%
NKE	D	-1.47%
TXN	C	-1.36%
AMAT	D	-1.33%
CAT	B	-1.28%
PEP	D	-1.25%
CMG	C	-1.23%
LIN	B	-1.21%
KLAC	D	-0.95%
DHI	C	-0.86%
SRE	B	-0.85%
BLK	B	-0.85%
SLB	F	-0.84%
PLD	C	-0.83%
LRCX	F	-0.81%
MMC	C	-0.78%
ANET	A	-0.71%
ITW	C	-0.69%
PEG	A	-0.67%
VRTX	D	-0.66%
PSA	B	-0.6%
CTAS	C	-0.59%
SHW	B	-0.58%
LULU	D	-0.56%
ZTS	C	-0.56%
MCO	A	-0.55%
NVR	B	-0.55%
CDNS	D	-0.55%
ED	C	-0.55%
CME	C	-0.51%
GWW	A	-0.5%
PHM	B	-0.48%
SNPS	D	-0.48%
PAYX	C	-0.47%
APH	C	-0.46%
TSCO	C	-0.45%
DECK	D	-0.44%
GRMN	D	-0.41%
AFL	C	-0.41%
ATO	B	-0.38%
IDXX	D	-0.36%
FAST	C	-0.36%
TPL	A	-0.35%
ULTA	D	-0.33%
APD	B	-0.32%
CBRE	A	-0.32%
WSM	D	-0.32%
ODFL	D	-0.3%
MPWR	C	-0.29%
ACGL	B	-0.29%
CSGP	D	-0.29%
FERG	D	-0.28%
AMP	B	-0.26%
AVB	C	-0.25%
EW	F	-0.25%
VLTO	B	-0.23%
POOL	D	-0.22%
A	C	-0.22%
MNST	D	-0.21%
APA	F	-0.2%
RMD	C	-0.19%
MANH	A	-0.19%
EQR	C	-0.19%
EQT	D	-0.18%
HSY	D	-0.18%
TROW	D	-0.17%
PPG	D	-0.16%
KEYS	C	-0.16%
VEEV	C	-0.16%
CBOE	C	-0.15%
SMCI	F	-0.15%
EXPD	C	-0.13%
EME	A	-0.13%
MOH	D	-0.12%
LPLA	F	-0.12%
WST	D	-0.12%
ROL	C	-0.12%
WAT	C	-0.12%
OMC	B	-0.11%
ENPH	D	-0.11%
WSO	C	-0.11%
ERIE	B	-0.11%
FDS	C	-0.11%
JKHY	C	-0.1%
GGG	C	-0.1%
AVY	D	-0.09%
PKG	B	-0.09%
UTHR	C	-0.08%
RS	D	-0.08%
AOS	D	-0.07%
MKTX	C	-0.07%
IPG	C	-0.06%
SEIC	C	-0.06%
AFG	B	-0.06%
PAYC	D	-0.06%
SOLV	C	-0.05%