ITAN vs. VLUE ETF Comparison

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

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

$30.02

Average Daily Volume

5,968

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, 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 Value 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

$109.03

Average Daily Volume

289,616

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	VLUE
30 Days	1.89%	2.06%
60 Days	3.01%	0.36%
90 Days	4.58%	4.49%
12 Months	23.63%	17.66%

56 Overlapping Holdings

Symbol	Grade	Weight in ITAN	Weight in VLUE	Overlap
ACI	F	0.32%	0.13%	0.13%
AKAM	D	0.37%	0.16%	0.16%
ALLY	F	0.3%	0.09%	0.09%
APTV	D	0.3%	0.18%	0.18%
BBY	B	0.53%	0.42%	0.42%
BIO	C	0.24%	0.06%	0.06%
BMY	C	0.97%	1.42%	0.97%
CMI	C	0.82%	0.52%	0.52%
CNC	C	0.69%	0.78%	0.69%
COF	C	0.91%	0.52%	0.52%
CSCO	B	1.69%	5.84%	1.69%
CTSH	C	0.78%	1.15%	0.78%
CVS	D	0.96%	1.67%	0.96%
DAL	C	0.52%	0.18%	0.18%
DELL	D	1.14%	0.77%	0.77%
DGX	B	0.44%	0.19%	0.19%
DVA	B	0.39%	0.09%	0.09%
EMN	B	0.35%	0.11%	0.11%
EXPE	C	0.51%	0.37%	0.37%
F	D	0.81%	1.71%	0.81%
FDX	C	0.9%	1.2%	0.9%
FFIV	A	0.44%	0.35%	0.35%
GILD	B	0.92%	1.27%	0.92%
GLW	B	0.59%	1.05%	0.59%
GM	B	0.89%	3.06%	0.89%
HPE	D	0.53%	1.19%	0.53%
HPQ	D	0.74%	1.13%	0.74%
IBM	B	1.79%	4.24%	1.79%
INTC	F	1.2%	3.09%	1.2%
IP	B	0.34%	0.17%	0.17%
JBL	D	0.36%	0.27%	0.27%
JCI	B	0.64%	0.55%	0.55%
JNPR	A	0.46%	0.37%	0.37%
KR	B	0.51%	0.76%	0.51%
LDOS	C	0.52%	0.19%	0.19%
LHX	D	0.66%	0.52%	0.52%
LUV	C	0.33%	0.11%	0.11%
NTAP	D	0.61%	0.54%	0.54%
NXPI	D	0.72%	1.24%	0.72%
PARA	F	0.27%	0.27%	0.27%
PFE	C	1.49%	2.56%	1.49%
PRU	C	0.53%	0.44%	0.44%
QRVO	F	0.26%	0.31%	0.26%
RTX	C	1.28%	1.86%	1.28%
SWK	B	0.3%	0.13%	0.13%
SWKS	F	0.31%	0.59%	0.31%
T	B	1.63%	6.04%	1.63%
TAP	C	0.27%	0.35%	0.27%
TEL	D	0.56%	1.05%	0.56%
TWLO	D	0.38%	0.22%	0.22%
VTRS	C	0.45%	0.43%	0.43%
VZ	B	1.43%	3.25%	1.43%
WBA	F	0.32%	0.24%	0.24%
WBD	D	0.43%	0.68%	0.43%
WFC	D	1.29%	1.43%	1.29%
ZM	C	0.44%	0.41%	0.41%

ITAN Overweight 94 Positions Relative to VLUE

Symbol	Grade	Weight
AMZN	C	4.77%
META	A	2.89%
ORCL	B	2.67%
CRM	D	1.91%
GOOG	D	1.81%
GOOGL	D	1.81%
QCOM	D	1.76%
ACN	C	1.68%
TMUS	C	1.33%
MDT	C	1.3%
HON	D	1.12%
BA	F	1.1%
TGT	C	1.06%
DIS	D	1.06%
CMCSA	D	0.99%
PYPL	B	0.96%
NOC	B	0.96%
MMM	B	0.95%
LMT	C	0.94%
PANW	D	0.87%
GD	B	0.75%
ALL	A	0.74%
SQ	D	0.74%
BDX	F	0.74%
EBAY	B	0.71%
CHTR	D	0.69%
WDAY	D	0.67%
DASH	C	0.65%
WDC	D	0.62%
ADSK	B	0.59%
HUM	F	0.58%
BAX	C	0.57%
ILMN	C	0.55%
UAL	B	0.54%
J	D	0.53%
CAH	C	0.52%
IQV	C	0.5%
EA	D	0.5%
BIIB	F	0.49%
BAH	B	0.49%
SNAP	F	0.49%
ZBRA	B	0.48%
ZS	F	0.46%
NTNX	C	0.45%
DD	B	0.45%
UBER	C	0.44%
DOCU	C	0.44%
ROK	D	0.44%
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%
HAL	F	0.38%
MU	F	0.37%
DBX	D	0.37%
Z	B	0.36%
EXAS	C	0.36%
CIEN	C	0.35%
AAL	D	0.35%
TRMB	C	0.35%
W	D	0.32%
ELAN	D	0.32%
TPR	C	0.31%
RIVN	F	0.29%
HAS	B	0.29%
LYFT	D	0.28%
JAZZ	D	0.28%
ETSY	F	0.28%
U	D	0.27%
MTCH	C	0.26%
PII	D	0.26%
DOX	C	0.26%
WHR	D	0.26%
ARW	C	0.26%
RUN	C	0.25%
HRB	C	0.25%
PATH	D	0.24%
MAT	C	0.24%
AGCO	D	0.24%
IVZ	C	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 92 Positions Relative to VLUE

Symbol	Grade	Weight
AMAT	D	-2.77%
BAC	D	-1.95%
DHI	B	-1.77%
LEN	B	-1.72%
CI	C	-1.62%
C	D	-1.57%
MO	C	-1.44%
ELV	C	-1.4%
GS	D	-1.21%
SPG	B	-1.2%
PHM	B	-1.06%
KHC	C	-0.88%
ON	D	-0.78%
VLO	D	-0.78%
ADM	D	-0.77%
URI	B	-0.71%
PCAR	D	-0.67%
PCG	C	-0.62%
FANG	D	-0.61%
WY	C	-0.6%
AIG	D	-0.51%
TFC	D	-0.51%
D	C	-0.5%
FSLR	C	-0.47%
NUE	F	-0.46%
MET	A	-0.45%
USB	B	-0.45%
TSN	C	-0.44%
BK	A	-0.43%
MRO	D	-0.42%
BLDR	C	-0.39%
GEN	A	-0.39%
PPL	C	-0.33%
CTRA	F	-0.33%
OC	C	-0.32%
OVV	D	-0.31%
FOXA	B	-0.3%
WAB	A	-0.29%
CAG	B	-0.29%
DOW	D	-0.28%
VST	C	-0.28%
EVRG	A	-0.27%
SJM	C	-0.26%
LYB	F	-0.26%
MTB	B	-0.26%
SSNC	B	-0.26%
LKQ	D	-0.26%
TXT	D	-0.26%
HST	D	-0.25%
ES	C	-0.25%
CFG	D	-0.24%
HIG	A	-0.24%
STT	A	-0.24%
LH	B	-0.24%
EQT	D	-0.23%
STLD	D	-0.23%
RPRX	C	-0.22%
AZPN	A	-0.22%
UHS	B	-0.22%
BG	D	-0.22%
UTHR	C	-0.22%
GPN	D	-0.22%
ATO	B	-0.22%
MAA	B	-0.21%
FITB	B	-0.2%
SNA	B	-0.19%
KNX	C	-0.19%
RF	B	-0.18%
SYF	C	-0.18%
MOS	F	-0.18%
EG	B	-0.18%
DINO	D	-0.18%
CNH	C	-0.17%
APA	F	-0.17%
FOX	B	-0.16%
CHK	D	-0.16%
HBAN	B	-0.15%
CF	B	-0.15%
SOLV	C	-0.15%
CPT	B	-0.14%
L	B	-0.13%
UHAL	B	-0.13%
FBIN	B	-0.13%
HII	C	-0.13%
KEY	B	-0.12%
SW	B	-0.12%
NLY	A	-0.12%
FCNCA	D	-0.1%
EQH	C	-0.1%
FNF	A	-0.09%
BEN	F	-0.06%
WLK	D	-0.05%