MSTB vs. DALT ETF Comparison

Comparison of LHA Market State Tactical Beta ETF (MSTB) to Anfield Capital Diversified Alternatives ETF (DALT)

MSTB

LHA Market State Tactical Beta ETF

MSTB Description

The investment seeks to provide returns that outperform the large-capitalization U.S. equity market on a risk-adjusted basis. The fund seeks to achieve its objective by estimating the direction and magnitude of S&P 500 Index volatility based on the movement of the CBOE Volatility Index® (the VIX® Index). Under normal market conditions, its baseline exposure each day to the S&P 500 Index is approximately 90%, which the fund's portfolio managers then adjust based on a quantitative model and analysis of the movement of the VIX Index. Its exposure may be significantly greater or less than 90% at any given time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.09

Average Daily Volume

9,152

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DALT

Anfield Capital Diversified Alternatives ETF

DALT Description

The investment seeks to provide capital growth and income. The fund is an actively managed exchange traded fund (ETF) that is a fund of funds. It seeks to achieve its investment objective by investing primarily in alternative asset classes and securities that represent sectors, market segments or asset classes that do not represent the general investment universe. The fund will implement this strategy primarily through investments in unaffiliated ETFs, closed-end funds (CEFs), business development companies (BDCs) and real estate investment trusts (REITs).

Grade (RS Rating)

Last Trade

$8.90

Average Daily Volume

27,821

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MSTB	DALT
30 Days	4.04%	-0.39%
60 Days	8.14%	2.68%
90 Days	6.74%	4.27%
12 Months	22.40%	10.53%

0 Overlapping Holdings

	Symbol	Grade	Weight in MSTB	Weight in DALT	Overlap

MSTB Overweight 1 Positions Relative to DALT

	Symbol	Grade	Weight
	VIXY	F	6.17%

MSTB Underweight 9 Positions Relative to DALT

Symbol	Grade	Weight
FCG	D	-5.99%
VNLA	A	-5.15%
ARCC	A	-5.1%
PXE	D	-5.05%
OXLC	B	-4.01%
FTLS	A	-3.78%
IXJ	B	-3.41%
DBE	B	-3.38%
IHE	B	-3.35%

MSTB: Top Represented Industries & Keywords

Industries:

Keywords: Asset Bank Deposits Cash And Cash Equivalents Chicago Board Options Exchange Money Market Repurchase Agreement Technical Analysis U.S. Treasury VIX

DALT: Top Represented Industries & Keywords

Industries: Asset Management