KEAT vs. VFLO ETF Comparison

Comparison of Keating Active ETF (KEAT) to VictoryShares Free Cash Flow ETF (VFLO)

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

$26.90

Average Daily Volume

2,121

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

VFLO

VictoryShares Free Cash Flow ETF

VFLO Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index provider constructs the index in accordance with a rules-based methodology that selects 50 companies from the S-Network US Equity Large/Mid-Cap 1000 Index. The fund generally seeks to track the returns of the index before fees and expenses by employing a replication strategy that seeks to hold all the stocks in the index.

Grade (RS Rating)

Last Trade

$33.37

Average Daily Volume

376,053

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	KEAT	VFLO
30 Days	0.84%	0.70%
60 Days	4.51%	5.93%
90 Days	8.51%	9.39%
12 Months		31.55%

0 Overlapping Holdings

	Symbol	Grade	Weight in KEAT	Weight in VFLO	Overlap

KEAT Overweight 8 Positions Relative to VFLO

	Symbol	Grade	Weight
	STIP	A	27.81%
	GOLD	C	4.34%
	OII	D	3.74%
	LBTYK	A	3.59%
	EQNR	D	3.55%
	EQC	D	3.53%
	VOD	C	3.41%
	LMT	A	3.35%

KEAT Underweight 10 Positions Relative to VFLO

	Symbol	Grade	Weight
	GILD	A	-4.46%
	EXPE	B	-4.1%
	CI	C	-4.03%
	ZM	B	-3.48%
	LEN	B	-3.46%
	AMGN	D	-3.43%
	DHI	B	-3.1%
	ELV	F	-3.09%
	CVS	D	-3.08%
	CNC	F	-2.83%

KEAT: Top Represented Industries & Keywords

Industries: Aerospace & Defense Gold Oil & Gas Equipment & Services Oil & Gas Integrated Pay TV REIT - Office Telecom Services

Keywords: Information And Communications Technology Aerospace Aerospace Industries Air Systems Aircraft Asset Integrity Management Aviation B2B Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Broadband Broadband Internet Broadcast Solutions Cable Television Companies Channel Operators Cloud Computing Cloud Services Cloud Solutions Combat Systems

VFLO: Top Represented Industries & Keywords

Industries: Health Care Plans Drug Manufacturers - Major Residential Construction Leisure Telecom Services

Keywords: S&P 500 Medicare Nasdaq 100 Biotechnology Clinic Disease Formulary Health Services Homebuilder Inflammation Insurance Managed Care Medicaid Medicare Part D Medicine Mortgage Loan Network Management Pharmacy Network Management Pharmacy Services Prescription Drugs