MOAT vs. CVAR ETF Comparison

Comparison of Market Vectors Wide Moat ETF (MOAT) to Cultivar ETF (CVAR)

MOAT

Market Vectors Wide Moat ETF

MOAT Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MorningstarÂ® Wide Moat Focus IndexSM (the "Wide Moat Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of securities issued by companies that Morningstar, Inc. ("Morningstar" or the "Wide Moat Index Provider") determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors ("wide moat companies"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.87

Average Daily Volume

728,434

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CVAR

Cultivar ETF

CVAR Description

ETF Opportunities Trust - Cultivar ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Cultivar Capital, Inc. and Toroso Investments, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies across diversified market capitalization. The fund employs fundamental and quantitative analysis with bottom-up and top-down stock picking approach to create its portfolio. ETF Opportunities Trust - Cultivar ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$26.81

Average Daily Volume

1,116

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MOAT	CVAR
30 Days	2.84%	4.41%
60 Days	7.06%	3.07%
90 Days	10.22%	8.96%
12 Months	21.95%	13.43%

11 Overlapping Holdings

Symbol	Grade	Weight in MOAT	Weight in CVAR	Overlap
ADSK	B	2.44%	0.58%	0.58%
BMY	C	2.46%	0.58%	0.58%
CHRW	C	1.64%	0.73%	0.73%
CLX	B	1.41%	1.36%	1.36%
CMCSA	D	2.28%	0.8%	0.8%
MCHP	D	0.99%	0.67%	0.67%
MDT	B	1.19%	1.55%	1.19%
MKTX	C	2.67%	2.54%	2.54%
NKE	D	1.97%	1.17%	1.17%
PFE	C	2.38%	0.55%	0.55%
VEEV	C	2.4%	1.85%	1.85%

MOAT Overweight 43 Positions Relative to CVAR

Symbol	Grade	Weight
MO	C	2.86%
RTX	C	2.84%
IFF	B	2.77%
KVUE	B	2.74%
CPB	B	2.74%
TRU	A	2.73%
GILD	B	2.69%
FTNT	B	2.68%
EFX	B	2.66%
ADBE	D	2.63%
USB	C	2.56%
SBUX	C	2.52%
ALLE	A	2.5%
CTVA	B	2.4%
ZBH	D	2.31%
A	C	2.28%
ETSY	F	1.94%
EL	F	1.68%
PM	B	1.6%
TYL	B	1.59%
LMT	B	1.51%
WDAY	D	1.41%
NOC	B	1.4%
GOOGL	D	1.36%
BIO	C	1.35%
HII	D	1.3%
TER	D	1.3%
MAS	B	1.3%
WAT	C	1.29%
PEP	B	1.26%
KEYS	C	1.23%
TMO	B	1.21%
CRM	D	1.2%
HON	D	1.18%
AMZN	C	1.17%
ROP	B	1.17%
ROK	D	1.14%
MSFT	C	1.14%
SCHW	D	1.09%
EMR	D	1.08%
BIIB	F	1.06%
BA	F	1.01%
DIS	D	1.01%

MOAT Underweight 70 Positions Relative to CVAR

Symbol	Grade	Weight
NEM	B	-2.99%
HCSG	C	-2.8%
LUV	C	-2.72%
PRLB	D	-2.72%
CLB	D	-2.65%
T	A	-2.03%
NWN	B	-1.95%
MKC	B	-1.93%
GOLD	B	-1.92%
GPN	C	-1.72%
PAYC	D	-1.67%
C	D	-1.49%
JNJ	B	-1.48%
ES	B	-1.48%
TSN	C	-1.41%
WU	F	-1.36%
KMB	C	-1.25%
INTC	F	-1.23%
ZTS	B	-1.21%
ABT	B	-1.2%
HAS	B	-1.16%
PRGO	C	-1.15%
QRVO	F	-1.15%
POR	A	-1.13%
SWKS	F	-1.12%
NHI	B	-1.1%
FMS	C	-1.1%
HRL	C	-1.07%
SCS	C	-1.06%
MTB	B	-1.06%
SJM	C	-1.05%
ARE	B	-1.05%
DEI	A	-1.04%
TFC	D	-0.99%
G	B	-0.93%
FMC	C	-0.92%
ANSS	D	-0.9%
BABA	C	-0.9%
EW	D	-0.89%
SW	B	-0.85%
BP	D	-0.83%
CGNX	D	-0.8%
INDB	C	-0.78%
CVS	D	-0.73%
INGN	C	-0.72%
PDM	B	-0.7%
DG	F	-0.68%
KRC	C	-0.65%
DUK	B	-0.63%
AEP	A	-0.61%
VZ	A	-0.6%
HIW	A	-0.6%
WHR	D	-0.59%
OGS	A	-0.58%
MNRO	D	-0.57%
HUM	F	-0.57%
ESRT	B	-0.57%
PYPL	B	-0.56%
LTC	B	-0.55%
MMM	A	-0.53%
IDA	B	-0.53%
CTSH	B	-0.53%
PARA	F	-0.52%
CCI	B	-0.52%
ILMN	C	-0.5%
JBT	D	-0.41%
RDUS	D	-0.39%
AAP	F	-0.36%
CMP	F	-0.24%
WBD	D	-0.16%