JOET vs. KEAT ETF Comparison

Comparison of Virtus Terranova U.S. Quality Momentum ETF (JOET) to Keating Active ETF (KEAT)

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$40.40

Average Daily Volume

29,173

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

KEAT

Keating Active ETF

KEAT Description

KEAT actively invests in equity securities of all-cap companies considered undervalued based on the subadvisor's fundamental research. These securities include common stock, preferred stock, REITs, ADRs, and GDRs. The fund also considers and invests in international ETFs in the same manner it selects its individual securities. The sub-adviser initially identifies potential investment opportunities through public disclosures, and assesses their financial condition based on sustainable earnings and future cash flows through financial and strategic analyses. The portfolio will typically be comprised of 25 to 40 securities, all selected to offer exceptional value and have defensible positions. The fund also emphasizes companies with good shareholder yield. It intends to hold its positions for a year or more and sells them when it reaches its fair value or has become overvalued. KEAT may also hold short-term Treasurys in seeking total return.

Grade (RS Rating)

Last Trade

$26.89

Average Daily Volume

2,382

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JOET	KEAT
30 Days	7.96%	0.99%
60 Days	9.99%	0.14%
90 Days	13.18%	1.23%
12 Months	38.99%

4 Overlapping Holdings

Symbol	Grade	Weight in JOET	Weight in KEAT	Overlap
AFL	B	0.76%	1.54%	0.76%
AXP	A	0.8%	0.51%	0.51%
BRK.A	B	0.78%	0.79%	0.78%
DOV	A	0.78%	0.81%	0.78%

JOET Overweight 120 Positions Relative to KEAT

Symbol	Grade	Weight
APP	B	1.48%
COIN	C	1.12%
PLTR	B	1.05%
AXON	A	1.04%
GRMN	B	0.94%
UAL	A	0.94%
IBKR	A	0.94%
SPOT	B	0.93%
VRT	B	0.92%
SQ	B	0.91%
FCNCA	A	0.89%
NFLX	A	0.89%
RCL	A	0.88%
CRWD	B	0.88%
PODD	C	0.87%
FTNT	C	0.87%
DAL	C	0.87%
HWM	A	0.87%
DFS	B	0.86%
DOCU	A	0.86%
SYF	B	0.86%
HEI	B	0.85%
APO	B	0.85%
ORCL	B	0.84%
PH	A	0.84%
HBAN	A	0.84%
CRM	B	0.84%
RF	A	0.83%
AMP	A	0.83%
RJF	A	0.83%
AMZN	C	0.82%
CMI	A	0.82%
CFG	B	0.82%
MTB	A	0.82%
NOW	A	0.82%
SYK	C	0.82%
PANW	C	0.82%
BSX	B	0.81%
FAST	B	0.81%
JPM	A	0.81%
GWW	B	0.81%
DDOG	A	0.81%
VMC	B	0.81%
ADSK	A	0.81%
CINF	A	0.8%
FITB	A	0.8%
PGR	A	0.8%
WELL	A	0.8%
WMT	A	0.8%
BR	A	0.8%
NTRS	A	0.8%
BRO	B	0.8%
PWR	A	0.8%
RSG	A	0.8%
ISRG	A	0.8%
IR	B	0.8%
NVDA	C	0.79%
GM	B	0.79%
TTD	B	0.79%
COST	B	0.79%
DECK	A	0.79%
HIG	B	0.79%
ALL	A	0.79%
WRB	A	0.79%
ETN	A	0.79%
ROL	B	0.79%
TT	A	0.79%
CTAS	B	0.79%
PCAR	B	0.78%
TW	A	0.78%
APH	A	0.78%
SPGI	C	0.78%
MLM	B	0.77%
PYPL	B	0.77%
BK	A	0.77%
WAB	B	0.77%
TRV	B	0.77%
TSCO	D	0.76%
IT	C	0.76%
MA	C	0.76%
CARR	D	0.75%
EXR	D	0.75%
ACN	C	0.75%
PSA	D	0.75%
HUBB	B	0.75%
URI	B	0.75%
PFG	D	0.75%
CMG	B	0.74%
ANET	C	0.74%
ROST	C	0.74%
MSFT	F	0.74%
CB	C	0.74%
CAT	B	0.74%
META	D	0.74%
RMD	C	0.74%
NVR	D	0.74%
PHM	D	0.73%
LEN	D	0.73%
AVGO	D	0.72%
MELI	D	0.71%
XYL	D	0.71%
ADI	D	0.7%
AMAT	F	0.7%
GD	F	0.7%
CPNG	D	0.7%
O	D	0.7%
DHI	D	0.69%
ACGL	D	0.69%
IRM	D	0.69%
KLAC	D	0.69%
UBER	D	0.68%
QCOM	F	0.68%
FSLR	F	0.68%
CEG	D	0.67%
AMD	F	0.65%
NU	C	0.65%
LLY	F	0.64%
CHKP	D	0.64%
MPWR	F	0.48%
SMCI	F	0.41%

JOET Underweight 23 Positions Relative to KEAT

Symbol	Grade	Weight
STIP	C	-28.19%
OII	B	-3.84%
GOLD	D	-3.73%
CALM	A	-3.56%
EQC	B	-3.54%
PM	B	-3.36%
TAP	C	-3.31%
VZ	C	-3.26%
EQNR	D	-3.23%
LMT	D	-3.16%
VOD	F	-3.14%
TALO	C	-2.99%
UL	D	-2.98%
TTE	F	-2.85%
LW	C	-2.42%
JNJ	D	-1.6%
XOM	B	-1.28%
TMO	F	-1.2%
WY	D	-1.16%
PEP	F	-0.9%
UPS	C	-0.84%
INTC	D	-0.57%
TGT	F	-0.57%