MEDX vs. EQTY ETF Comparison

Comparison of Horizon Kinetics Medical ETF (MEDX) to Kovitz Core Equity ETF (EQTY)

MEDX

Horizon Kinetics Medical ETF

MEDX Description

The fund is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.55

Average Daily Volume

325

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EQTY

Kovitz Core Equity ETF

EQTY Description

The Kovitz Core Equity ETF seeks long-term capital appreciation. Through our fundamental, research-driven process, we strive to build diversified portfolios of equity investments through the purchase of competitively advantaged and financially strong companies at prices substantially less than our estimate of their intrinsic values.

Grade (RS Rating)

Last Trade

$23.18

Average Daily Volume

39,751

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MEDX	EQTY
30 Days	-4.29%	2.16%
60 Days	-0.20%	8.08%
90 Days	3.63%	6.28%
12 Months	6.61%	30.37%

0 Overlapping Holdings

	Symbol	Grade	Weight in MEDX	Weight in EQTY	Overlap

MEDX Overweight 10 Positions Relative to EQTY

Symbol	Grade	Weight
LLY	D	16.63%
ABBV	A	7.89%
NVS	D	6.09%
AMGN	D	5.86%
AZN	D	5.74%
BMY	B	4.65%
REGN	D	4.47%
JNJ	D	4.42%
ALNY	C	4.35%
MRK	F	4.16%

MEDX Underweight 10 Positions Relative to EQTY

Symbol	Grade	Weight
META	A	-4.61%
GOOG	B	-4.53%
BDX	B	-4.51%
AMZN	C	-4.31%
AXP	A	-4.3%
KEYS	B	-4.18%
J	D	-4.07%
PM	C	-4.05%
ICE	A	-3.72%
BRK.A	C	-3.63%

MEDX: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Major Biotechnology