PAPI vs. ITAN ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to Sparkline Intangible Value ETF (ITAN)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$32.05

Average Daily Volume

1,878

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	ITAN
30 Days	3.08%	5.34%
60 Days	3.73%	7.33%
90 Days	4.88%	9.71%
12 Months	19.25%	31.35%

35 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in ITAN	Overlap
ACN	C	0.5%	1.58%	0.5%
BBY	D	0.49%	0.45%	0.45%
BDX	F	0.5%	0.69%	0.5%
CAH	B	0.56%	0.52%	0.52%
CMCSA	B	0.54%	1.07%	0.54%
CMI	A	0.57%	0.85%	0.57%
CSCO	B	0.54%	1.77%	0.54%
CTSH	B	0.53%	0.77%	0.53%
DD	D	0.51%	0.45%	0.45%
DGX	A	0.57%	0.44%	0.44%
DOX	D	0.49%	0.23%	0.23%
EA	A	0.59%	0.55%	0.55%
EMN	D	0.49%	0.35%	0.35%
GD	F	0.5%	0.64%	0.5%
GILD	C	0.53%	0.9%	0.53%
GLW	B	0.53%	0.6%	0.53%
HAS	D	0.46%	0.26%	0.26%
HPE	B	0.53%	0.63%	0.53%
HPQ	B	0.52%	0.74%	0.52%
IBM	C	0.46%	1.76%	0.46%
IP	B	0.63%	0.36%	0.36%
JCI	C	0.58%	0.68%	0.58%
LH	C	0.57%	0.44%	0.44%
LHX	C	0.53%	0.71%	0.53%
MDT	D	0.51%	1.15%	0.51%
PFE	D	0.44%	1.32%	0.44%
PRU	A	0.53%	0.54%	0.53%
QCOM	F	0.49%	1.53%	0.49%
RHI	B	0.57%	0.22%	0.22%
RTX	C	0.5%	1.22%	0.5%
SWKS	F	0.45%	0.33%	0.33%
T	A	0.55%	1.63%	0.55%
TAP	C	0.59%	0.3%	0.3%
VZ	C	0.5%	1.36%	0.5%
WHR	B	0.57%	0.27%	0.27%

PAPI Overweight 154 Positions Relative to ITAN

Symbol	Grade	Weight
GRMN	B	0.65%
SNA	A	0.63%
DTM	B	0.62%
BKR	B	0.62%
EMR	A	0.61%
OKE	A	0.61%
UNM	A	0.61%
IDCC	A	0.61%
PINC	B	0.6%
FOX	A	0.59%
CFR	B	0.59%
PB	A	0.59%
MO	A	0.59%
IDA	A	0.59%
KMI	A	0.58%
CINF	A	0.58%
JHG	A	0.58%
WMB	A	0.58%
TRV	B	0.57%
SRE	A	0.57%
CTRA	B	0.57%
RF	A	0.57%
SYK	C	0.57%
TXRH	C	0.57%
FOXA	B	0.57%
XEL	A	0.57%
CVX	A	0.57%
FAST	B	0.56%
WSO	A	0.56%
EOG	A	0.56%
RS	B	0.56%
PKG	A	0.56%
PM	B	0.56%
TROW	B	0.56%
COP	C	0.56%
VLO	C	0.55%
PPL	B	0.55%
DCI	B	0.55%
INGR	B	0.55%
UNH	C	0.55%
GGG	B	0.55%
EVRG	A	0.55%
OGE	B	0.55%
GNTX	C	0.54%
MOS	F	0.54%
PAG	B	0.54%
COR	B	0.54%
OGS	A	0.54%
ORI	A	0.54%
WMT	A	0.54%
COST	B	0.54%
CHD	B	0.54%
AFG	A	0.54%
DRI	B	0.54%
TJX	A	0.54%
ADP	B	0.54%
MTN	C	0.54%
AEE	A	0.54%
MSFT	F	0.53%
AM	A	0.53%
TXN	C	0.53%
PAYX	C	0.53%
ATO	A	0.53%
MSM	C	0.53%
COLM	B	0.53%
HP	B	0.52%
LNT	A	0.52%
BMI	B	0.52%
ROP	B	0.52%
ABT	B	0.52%
NFG	A	0.52%
PG	A	0.52%
ATR	B	0.52%
PEG	A	0.52%
UPS	C	0.52%
EXPD	D	0.52%
XOM	B	0.52%
PSX	C	0.52%
CHRD	D	0.52%
WEC	A	0.52%
CME	A	0.52%
POR	C	0.51%
AVT	C	0.51%
CALM	A	0.51%
DLB	B	0.51%
DINO	D	0.51%
HIG	B	0.51%
FNF	B	0.51%
APD	A	0.51%
LKQ	D	0.51%
OXM	D	0.51%
CTVA	C	0.5%
JNJ	D	0.5%
DUK	C	0.5%
POWI	D	0.5%
NYT	C	0.5%
DVN	F	0.5%
FE	C	0.5%
CCOI	B	0.5%
SNX	C	0.5%
PFG	D	0.5%
AEP	D	0.5%
RGLD	C	0.5%
BG	F	0.5%
D	C	0.5%
MTG	C	0.5%
SO	D	0.5%
AFL	B	0.5%
OMC	C	0.49%
CHE	D	0.49%
KMB	D	0.49%
PPG	F	0.49%
SON	D	0.49%
FLO	D	0.49%
LIN	D	0.49%
JKHY	D	0.49%
HRL	D	0.49%
CAG	D	0.48%
LYB	F	0.48%
AOS	F	0.48%
WEN	D	0.48%
ADI	D	0.48%
ED	D	0.48%
PEP	F	0.48%
RPRX	D	0.48%
LEA	D	0.48%
WU	D	0.48%
SHOO	D	0.47%
AMCR	D	0.47%
LEN	D	0.47%
CI	F	0.47%
ADM	D	0.47%
KDP	D	0.46%
ABBV	D	0.46%
ASH	D	0.46%
FMC	D	0.46%
KHC	F	0.46%
MRK	F	0.46%
IPG	D	0.45%
GPC	D	0.45%
KO	D	0.45%
DHR	F	0.45%
ESNT	D	0.45%
HUN	F	0.44%
MAN	D	0.44%
DOW	F	0.44%
INSW	F	0.44%
PII	D	0.43%
ELV	F	0.43%
CVI	F	0.42%
CRI	D	0.41%
HII	D	0.39%
NEM	D	0.38%
SCCO	F	0.0%

PAPI Underweight 116 Positions Relative to ITAN

Symbol	Grade	Weight
AMZN	C	-4.72%
META	D	-2.91%
ORCL	B	-2.38%
GOOG	C	-2.11%
GOOGL	C	-2.11%
CRM	B	-2.09%
WFC	A	-1.56%
TMUS	B	-1.43%
DIS	B	-1.25%
INTC	D	-1.25%
HON	B	-1.21%
DELL	C	-1.13%
PYPL	B	-1.09%
COF	B	-1.08%
BMY	B	-1.04%
BA	F	-1.03%
GM	B	-0.97%
CVS	D	-0.96%
SQ	B	-0.94%
PANW	C	-0.89%
NOC	D	-0.88%
MMM	D	-0.88%
FDX	B	-0.86%
TGT	F	-0.83%
F	C	-0.81%
UAL	A	-0.76%
ALL	A	-0.74%
CHTR	C	-0.71%
DASH	A	-0.71%
NXPI	D	-0.67%
WDAY	B	-0.67%
EBAY	D	-0.66%
NTAP	C	-0.64%
ADSK	A	-0.64%
DAL	C	-0.61%
EXPE	B	-0.59%
CVNA	B	-0.58%
HUM	C	-0.56%
CNC	D	-0.56%
WBD	C	-0.55%
WDC	D	-0.55%
DOCU	A	-0.52%
KR	B	-0.51%
VTRS	A	-0.51%
ZM	B	-0.51%
SNAP	C	-0.5%
ZS	C	-0.5%
ILMN	D	-0.5%
TWLO	A	-0.49%
NTNX	A	-0.48%
LDOS	C	-0.47%
FFIV	B	-0.46%
ROK	B	-0.45%
ZBRA	B	-0.45%
BAX	D	-0.45%
TRMB	B	-0.43%
IQV	D	-0.43%
OKTA	C	-0.42%
ACM	A	-0.42%
J	F	-0.41%
PSTG	D	-0.4%
BIIB	F	-0.4%
AAL	B	-0.4%
JNPR	F	-0.4%
BAH	F	-0.4%
CIEN	B	-0.39%
DVA	B	-0.38%
EXAS	D	-0.38%
TPR	B	-0.38%
LMT	D	-0.38%
JLL	D	-0.37%
ROKU	D	-0.37%
DBX	B	-0.37%
JBL	B	-0.37%
LYFT	C	-0.36%
CACI	D	-0.35%
NWSA	B	-0.34%
AKAM	D	-0.33%
TRU	D	-0.33%
LUMN	C	-0.32%
ALLY	C	-0.32%
ACI	C	-0.31%
JAZZ	B	-0.3%
ELAN	D	-0.29%
SWK	D	-0.29%
TXT	D	-0.29%
U	C	-0.29%
PARA	C	-0.28%
ANF	C	-0.28%
ETSY	D	-0.28%
G	B	-0.28%
W	F	-0.28%
WBA	F	-0.27%
MASI	A	-0.27%
BOX	B	-0.26%
FAF	A	-0.26%
BIO	D	-0.25%
ALK	C	-0.25%
MTCH	D	-0.24%
FLS	B	-0.24%
MAT	D	-0.24%
IVZ	B	-0.24%
GAP	C	-0.23%
RIVN	F	-0.23%
NOV	C	-0.23%
UAA	C	-0.23%
PATH	C	-0.23%
ARW	D	-0.23%
BWA	D	-0.22%
HRB	D	-0.21%
AGCO	D	-0.2%
HOG	D	-0.2%
QRVO	F	-0.2%
M	D	-0.16%
RUN	F	-0.14%
XRAY	F	-0.14%