MEDX vs. FFLS ETF Comparison

Comparison of Horizon Kinetics Medical ETF (MEDX) to The Future Fund Long/Short ETF (FFLS)

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

$29.75

Average Daily Volume

455

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

FFLS

The Future Fund Long/Short ETF

FFLS Description

Under normal conditions, the fund, which is an actively managed exchange traded fund or "ETF", will invest at least 80% of its assets in long and short positions in U.S. exchange-listed equity securities and American Depositary Receipts (ADRs). The fund may invest in the equity securities of companies of any market capitalization although the fund will primarily invest (at least 65% of its assets) in mid and large capitalization companies (companies with market capitalizations in excess of $2 billion). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.42

Average Daily Volume

28,322

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	MEDX	FFLS
30 Days	1.85%	1.31%
60 Days	4.31%	2.59%
90 Days	2.94%	4.16%
12 Months	-0.57%	19.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in MEDX	Weight in FFLS	Overlap
	LLY	A	16.22%	6.05%	6.05%

MEDX Overweight 9 Positions Relative to FFLS

	Symbol	Grade	Weight
	ABBV	C	7.29%
	AMGN	B	6.05%
	NVS	A	5.83%
	AZN	C	5.73%
	MRK	C	4.96%
	JNJ	F	4.41%
	PFE	C	4.37%
	BMY	F	4.29%
	REGN	B	4.15%

MEDX Underweight 9 Positions Relative to FFLS

	Symbol	Grade	Weight
	GOOGL	A	-9.42%
	NVDA	B	-5.32%
	HALO	B	-4.96%
	URI	D	-4.11%
	GTLS	D	-4.04%
	CRM	C	-3.44%
	UBER	B	-3.44%
	MU	C	-3.4%
	ABNB	B	-3.33%

MEDX: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Major Biotechnology

Keywords: S&P 500 Pharmaceutical Products Depressive Disorder Neuroscience Animal Health Hypertension Infectious Diseases Inflammation Ophthalmology Antibiotics Biopharmaceutical Biotechnology Cholesterol Clinic Diabetes Dow Jones Component Drugs Infection Major Depressive Disorder Medication

FFLS: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Drug Manufacturers - Major Internet Content & Information Internet Content & Information Metal Fabrication Rental & Leasing Services Semiconductor Memory Semiconductors

Keywords: S&P 500 Computing Nasdaq 100 Mobile Devices Cloud Computing Consumer Devices Consumer Electronics Diabetes Gig Economy IBD 50 Laptop Computer Sharing Economy Smartphones Advertising Network Agricultural Machinery Air Conditioning Equipment Air Separation Airbnb Alzheimer's Disease Amyloid