MFUL vs. BYLD ETF Comparison

Comparison of Mindful Conservative ETF (MFUL) to iShares Yield Optimized Bond ETF (BYLD)

MFUL

Mindful Conservative ETF

MFUL Description

Mindful Conservative ETF is an exchange traded fund of fund launched by Collaborative Investment Series Trust. The fund is co-managed by Tuttle Tactical Management, LLC and Retireful, LLC. It invests public equity and fixed income markets of global emerging region. For its equity portion, the fund invests through other funds in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations, within the market capitalization range of MSCI Emerging Market index. For its fixed income portion, the fund invests through other funds in below investment grade securities that are rated below Baa3 by Moody’s Investors Service or below BBB- by Standard and Poor’s Rating Group. The fund invests in securities of any maturity. The fund employs proprietary research to create its portfolio. Mindful Conservative ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$21.78

Average Daily Volume

10,674

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.45

Average Daily Volume

70,674

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	MFUL	BYLD
30 Days	1.89%	2.11%
60 Days	2.41%	2.13%
90 Days	3.63%	3.15%
12 Months	4.61%	7.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in MFUL	Weight in BYLD	Overlap
	SGOV	B	6.41%	1.0%	1.0%

MFUL Overweight 12 Positions Relative to BYLD

	Symbol	Grade	Weight
	GBIL	B	13.35%
	SCHV	A	10.67%
	BIL	B	10.43%
	STIP	A	6.64%
	RLY	C	6.15%
	USFR	A	5.59%
	VGIT	A	4.45%
	ICVT	A	4.21%
	CWB	A	4.18%
	AOR	A	3.38%
	MOAT	A	3.26%
	TIPX	A	3.13%

MFUL Underweight 7 Positions Relative to BYLD

	Symbol	Grade	Weight
	USIG	A	-1.0%
	IGEB	A	-1.0%
	FLOT	A	-1.0%
	EMHY	A	-1.0%
	CMBS	A	-1.0%
	USHY	A	-1.0%
	IGLB	A	-1.0%

MFUL: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund U.S. Treasury Bloomberg Barclays Us Aggregate Bond Index Bond Market Indices Inflation Indexed Bond Management Cybernetics Stock Market Index Swaps U.S. Government Us Treasury Barclays Bond Market Capitalization Weighted Index Cash And Cash Equivalents Collateralized Debt Obligation Convertible Bond Convertible Security

BYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Swaps Bond Market Corporate Bond Index Fund Structured Finance Cash And Cash Equivalents Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Financial Instrument Futures Markets High Yield Debt Money Market Fund Morningstar Mlp Composite Index Tr Mortgage Mortgage Backed Security Public–Private Investment Program For Legacy Assets