PY vs. ITAN ETF Comparison

Comparison of Principal Shareholder Yield Index ETF (PY) to Sparkline Intangible Value ETF (ITAN)

PY

Principal Shareholder Yield Index ETF

PY Description

The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers.

Grade (RS Rating)

Last Trade

$49.50

Average Daily Volume

4,328

Number of Holdings ^*

105

* 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

$30.02

Average Daily Volume

6,052

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	PY	ITAN
30 Days	1.62%	2.19%
60 Days	7.51%	8.77%
90 Days	8.91%	6.21%
12 Months	32.25%	32.42%

21 Overlapping Holdings

Symbol	Grade	Weight in PY	Weight in ITAN	Overlap
ACN	B	1.18%	1.55%	1.18%
BMY	B	0.95%	0.94%	0.94%
CMCSA	B	1.08%	0.96%	0.96%
CTSH	B	0.78%	0.74%	0.74%
CVS	D	0.91%	0.94%	0.91%
DD	B	0.86%	0.47%	0.47%
EBAY	A	0.81%	0.72%	0.72%
EMN	C	0.83%	0.38%	0.38%
FDX	D	0.79%	0.8%	0.79%
HAL	F	0.75%	0.37%	0.37%
HPE	B	0.85%	0.62%	0.62%
HPQ	C	0.79%	0.76%	0.76%
KR	C	0.83%	0.52%	0.52%
LMT	A	0.98%	0.9%	0.9%
PRU	C	0.83%	0.52%	0.52%
QCOM	D	1.15%	1.74%	1.15%
ROK	D	0.8%	0.42%	0.42%
RTX	A	1.05%	1.23%	1.05%
SWKS	F	0.72%	0.29%	0.29%
TAP	D	0.73%	0.26%	0.26%
WFC	D	1.13%	1.22%	1.13%

PY Overweight 84 Positions Relative to ITAN

Symbol	Grade	Weight
AAPL	C	3.93%
MSFT	D	3.62%
NVDA	C	2.89%
AVGO	C	2.46%
XOM	A	1.81%
HD	A	1.61%
CVX	B	1.26%
CAT	A	1.23%
AXP	A	1.1%
LOW	A	1.09%
MS	B	1.03%
NKE	D	1.0%
TJX	C	0.99%
DE	A	0.99%
TT	A	0.97%
CB	A	0.95%
PLD	D	0.94%
ADP	A	0.94%
MMC	D	0.92%
ITW	A	0.91%
CI	D	0.9%
MDLZ	C	0.9%
OTIS	A	0.88%
PNC	C	0.88%
CSX	D	0.87%
BK	C	0.87%
MET	A	0.87%
SLB	D	0.85%
AMP	A	0.85%
MO	D	0.85%
AOS	B	0.84%
EQT	B	0.83%
SPG	A	0.82%
DFS	C	0.82%
PNR	C	0.82%
PSX	D	0.82%
STLD	B	0.82%
AIG	F	0.81%
TRV	C	0.81%
PPG	D	0.81%
BKR	B	0.81%
BBWI	F	0.8%
PAYX	A	0.8%
MPC	F	0.8%
RL	B	0.8%
CF	A	0.79%
FITB	C	0.79%
VLO	F	0.79%
HIG	A	0.78%
ALLE	A	0.77%
SYF	B	0.77%
GPC	D	0.77%
SNA	A	0.77%
NDSN	B	0.77%
KMB	B	0.77%
GIS	C	0.77%
DRI	C	0.77%
VICI	C	0.76%
FOXA	A	0.76%
BR	B	0.76%
WTW	B	0.76%
ARE	D	0.76%
TRGP	B	0.76%
ADM	D	0.76%
NDAQ	C	0.76%
RF	C	0.76%
AVB	C	0.76%
SYY	B	0.76%
BEN	F	0.76%
LYB	D	0.76%
SBAC	B	0.75%
EG	B	0.75%
OXY	F	0.75%
CINF	A	0.74%
MKC	C	0.74%
AIZ	A	0.74%
CPT	C	0.73%
HSY	D	0.73%
INVH	D	0.72%
MRO	D	0.72%
FANG	D	0.72%
MAA	C	0.72%
ESS	C	0.72%
HRL	F	0.69%

PY Underweight 129 Positions Relative to ITAN

Symbol	Grade	Weight
AMZN	C	-4.74%
META	A	-3.06%
ORCL	B	-2.71%
CRM	B	-2.02%
GOOG	B	-1.87%
GOOGL	B	-1.87%
IBM	B	-1.83%
CSCO	A	-1.74%
T	A	-1.54%
INTC	D	-1.41%
PFE	D	-1.38%
VZ	A	-1.38%
TMUS	A	-1.31%
DELL	C	-1.23%
MDT	B	-1.21%
HON	C	-1.1%
DIS	D	-1.08%
TGT	C	-1.05%
PYPL	C	-1.02%
BA	F	-0.99%
MMM	C	-0.95%
NOC	B	-0.93%
COF	C	-0.92%
GILD	A	-0.88%
GM	D	-0.86%
CMI	B	-0.83%
PANW	D	-0.81%
F	D	-0.78%
SQ	D	-0.75%
ALL	B	-0.72%
BDX	B	-0.71%
GD	A	-0.71%
NXPI	F	-0.71%
DASH	A	-0.7%
CNC	F	-0.69%
JCI	B	-0.65%
CHTR	D	-0.64%
LHX	A	-0.64%
WDC	C	-0.62%
WDAY	D	-0.61%
GLW	B	-0.61%
NTAP	D	-0.61%
UAL	B	-0.58%
ADSK	B	-0.58%
SNAP	D	-0.57%
DAL	C	-0.55%
EXPE	B	-0.54%
TEL	D	-0.54%
J	D	-0.54%
ILMN	B	-0.53%
LDOS	A	-0.51%
BBY	B	-0.51%
BAX	D	-0.51%
HUM	F	-0.5%
ZBRA	A	-0.5%
BAH	A	-0.49%
CVNA	A	-0.49%
WBD	D	-0.48%
ZS	F	-0.48%
DOCU	B	-0.47%
IQV	F	-0.47%
UBER	C	-0.47%
EA	D	-0.47%
CAH	B	-0.47%
FFIV	B	-0.46%
BIIB	F	-0.44%
NTNX	C	-0.44%
JNPR	B	-0.44%
ZM	C	-0.43%
VTRS	D	-0.43%
CACI	A	-0.42%
OKTA	F	-0.42%
DGX	B	-0.42%
PSTG	F	-0.42%
Z	C	-0.41%
TRU	A	-0.41%
ROKU	C	-0.41%
ACM	C	-0.41%
JLL	B	-0.4%
DVA	C	-0.4%
CIEN	A	-0.39%
MU	D	-0.39%
TWLO	B	-0.39%
EXAS	C	-0.38%
DBX	B	-0.38%
JBL	D	-0.38%
AKAM	D	-0.37%
W	D	-0.36%
TRMB	B	-0.36%
U	D	-0.34%
TPR	B	-0.33%
AAL	D	-0.33%
IP	C	-0.33%
LUV	B	-0.31%
ACI	F	-0.31%
APTV	D	-0.31%
SWK	A	-0.31%
LYFT	D	-0.31%
ALLY	F	-0.3%
HAS	A	-0.29%
ETSY	F	-0.28%
WBA	F	-0.28%
ELAN	D	-0.28%
WHR	B	-0.27%
PARA	F	-0.27%
JAZZ	F	-0.27%
PII	D	-0.26%
ARW	C	-0.26%
AGCO	D	-0.25%
MTCH	B	-0.25%
RUN	D	-0.25%
DOX	B	-0.25%
IVZ	A	-0.25%
PATH	D	-0.24%
BWA	B	-0.24%
DLB	D	-0.24%
QRVO	F	-0.24%
HRB	C	-0.24%
RIVN	F	-0.23%
MASI	B	-0.23%
MAT	D	-0.23%
ALK	B	-0.23%
GAP	F	-0.22%
BIO	B	-0.22%
RHI	D	-0.21%
NOV	F	-0.21%
FLR	D	-0.19%
XRAY	D	-0.17%
M	F	-0.16%