QQQJ vs. RULE ETF Comparison

Comparison of Invesco NASDAQ Next Gen 100 ETF (QQQJ) to Adaptive Core ETF (RULE)

QQQJ

Invesco NASDAQ Next Gen 100 ETF

QQQJ Description

The Invesco NASDAQ Next Gen 100 Fund (Fund) is based on the NASDAQ Next Generation 100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index®. The Fund and Index are rebalanced quarterly and reconstituted annually.

Grade (RS Rating)

Last Trade

$29.50

Average Daily Volume

115,790

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RULE

Adaptive Core ETF

RULE Description

Adaptive Core ETF seeks current income. The fund invests in individual equity securities without regard to market capitalization and ETFs that invest in equity securities of any market capitalization including convertible equity securities and fixed income ETFs. The fund’s portfolio may hold securities from issuers of any market capitalization, credit quality, maturity, or country. Fixed income securities may include securities with credit quality below investment grade (commonly referred to as “junk bond” credit quality).

Grade (RS Rating)

Last Trade

$22.01

Average Daily Volume

13,463

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQJ	RULE
30 Days	3.95%	0.64%
60 Days	5.38%	2.51%
90 Days	6.78%	1.15%
12 Months	19.76%	17.25%

1 Overlapping Holdings

	Symbol	Grade	Weight in QQQJ	Weight in RULE	Overlap
	AXON	B	2.0%	2.45%	2.0%

QQQJ Overweight 96 Positions Relative to RULE

Symbol	Grade	Weight
MPWR	C	3.0%
ALNY	C	2.28%
EBAY	B	2.19%
TSCO	C	2.08%
APP	C	2.0%
FSLR	C	1.74%
ICLR	D	1.71%
NTAP	D	1.66%
CHKP	B	1.49%
STX	C	1.46%
WDC	D	1.43%
PTC	D	1.41%
TER	D	1.38%
HOLX	B	1.3%
DKNG	C	1.27%
SSNC	B	1.26%
VRSN	D	1.24%
ULTA	D	1.22%
ZM	C	1.21%
ZBRA	B	1.2%
STLD	F	1.2%
JBHT	D	1.2%
ALGN	D	1.19%
ARGX	C	1.18%
EXPE	C	1.16%
MANH	B	1.12%
UAL	C	1.12%
ENTG	F	1.12%
BMRN	F	1.11%
PODD	B	1.11%
SWKS	D	1.11%
SNY	B	1.1%
LNT	B	1.04%
UTHR	C	1.04%
NTNX	C	1.02%
AKAM	D	1.02%
TCOM	C	1.01%
ENPH	D	0.99%
NDSN	C	0.98%
BSY	D	0.97%
CASY	D	0.97%
VTRS	D	0.96%
EVRG	B	0.95%
RIVN	F	0.93%
TRMB	C	0.93%
GRAB	C	0.91%
POOL	C	0.91%
LOGI	D	0.9%
JD	C	0.88%
JKHY	B	0.88%
TTEK	C	0.85%
RPRX	C	0.85%
INCY	C	0.84%
NBIX	F	0.84%
FFIV	B	0.83%
OKTA	F	0.82%
FLEX	C	0.82%
BIDU	D	0.82%
CHRW	B	0.8%
TECH	C	0.79%
DOCU	C	0.79%
SAIA	D	0.77%
LKQ	F	0.73%
MEDP	F	0.73%
BNTX	C	0.71%
CHDN	C	0.71%
WWD	D	0.7%
LECO	F	0.69%
QRVO	F	0.69%
NWSA	D	0.68%
Z	B	0.68%
DOX	C	0.68%
BRKR	D	0.67%
ROKU	C	0.65%
CHK	D	0.65%
MTCH	C	0.64%
NTES	F	0.64%
FOXA	B	0.62%
LCID	C	0.62%
OTEX	D	0.61%
HSIC	C	0.6%
PCTY	C	0.6%
APA	F	0.6%
WYNN	D	0.59%
BGNE	C	0.58%
FOX	B	0.58%
NICE	F	0.56%
CZR	C	0.54%
RGEN	F	0.54%
LBRDK	F	0.51%
JAZZ	D	0.46%
ETSY	F	0.42%
LSCC	D	0.41%
NWS	D	0.36%
FIVE	D	0.35%
ZG	B	0.21%

QQQJ Underweight 33 Positions Relative to RULE

Symbol	Grade	Weight
BIL	B	-4.4%
JPST	B	-4.39%
VEEV	C	-3.51%
ISRG	B	-3.2%
MSI	B	-3.12%
NOW	B	-3.11%
SPHQ	B	-3.09%
REGN	C	-3.08%
SPGI	B	-3.07%
BAX	C	-3.04%
BRO	C	-3.03%
FCNCA	D	-2.98%
COST	B	-2.97%
XLG	B	-2.97%
INTU	C	-2.92%
CRM	D	-2.92%
CAH	C	-2.91%
META	B	-2.86%
AON	B	-2.85%
RMD	C	-2.83%
IWF	B	-2.82%
BLDR	C	-2.8%
MSFT	C	-2.65%
VRSK	D	-2.65%
BK	B	-2.59%
CPAY	B	-2.58%
IRM	C	-2.58%
IR	C	-2.48%
WMT	C	-2.4%
NFLX	B	-2.35%
FTNT	C	-2.24%
ADBE	F	-2.14%
DASH	C	-2.13%