RAFE vs. CVAR ETF Comparison

Comparison of PIMCO RAFI ESG U.S. ETF (RAFE) to Cultivar ETF (CVAR)

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$36.83

Average Daily Volume

5,152

Number of Holdings ^*

233

* 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

$26.98

Average Daily Volume

1,116

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAFE	CVAR
30 Days	1.49%	2.82%
60 Days	1.71%	3.12%
90 Days	2.75%	8.95%
12 Months	21.58%	15.31%

31 Overlapping Holdings

Symbol	Grade	Weight in RAFE	Weight in CVAR	Overlap
AAP	F	0.03%	0.36%	0.03%
ABT	C	0.95%	1.22%	0.95%
BMY	C	1.23%	0.59%	0.59%
C	D	2.39%	1.46%	1.46%
CCI	B	0.26%	0.53%	0.26%
CMCSA	D	1.16%	0.79%	0.79%
CTSH	C	0.16%	0.54%	0.16%
CVS	D	0.21%	0.73%	0.21%
DG	F	0.13%	0.69%	0.13%
EW	F	0.11%	0.91%	0.11%
HAS	B	0.07%	1.21%	0.07%
HRL	C	0.01%	1.05%	0.01%
HUM	F	0.28%	0.5%	0.28%
ILMN	C	0.02%	0.51%	0.02%
INTC	F	1.59%	1.35%	1.35%
JNJ	B	2.83%	1.48%	1.48%
KMB	D	0.29%	1.21%	0.29%
MCHP	D	0.06%	0.69%	0.06%
MMM	B	0.96%	0.54%	0.54%
NEM	B	0.44%	3.11%	0.44%
NKE	D	0.38%	1.14%	0.38%
PARA	F	0.13%	0.53%	0.13%
PFE	C	2.06%	0.57%	0.57%
PYPL	B	0.41%	0.57%	0.41%
SJM	C	0.08%	1.04%	0.08%
T	B	2.04%	2.13%	2.04%
TSN	C	0.13%	1.3%	0.13%
VZ	B	0.99%	0.64%	0.64%
WHR	D	0.15%	0.6%	0.15%
WU	D	0.04%	1.3%	0.04%
ZTS	B	0.12%	1.23%	0.12%

RAFE Overweight 202 Positions Relative to CVAR

Symbol	Grade	Weight
AAPL	D	5.36%
MSFT	C	4.9%
JPM	D	3.02%
PG	C	2.43%
CSCO	B	1.98%
META	A	1.93%
WFC	D	1.87%
MRK	D	1.62%
IBM	B	1.59%
GM	B	1.53%
ABBV	C	1.52%
HD	B	1.36%
QCOM	D	1.36%
ORCL	B	1.22%
CI	C	1.2%
BAC	D	1.16%
LIN	B	1.08%
AMGN	B	1.06%
ELV	C	1.05%
UNH	C	1.03%
AVGO	C	0.97%
KO	B	0.94%
TGT	C	0.91%
LOW	B	0.88%
F	D	0.85%
V	B	0.85%
DIS	D	0.8%
ACN	C	0.76%
MU	F	0.76%
LLY	C	0.74%
TXN	C	0.73%
GILD	B	0.71%
AMAT	D	0.7%
MA	B	0.6%
ADBE	D	0.59%
MET	A	0.56%
HPQ	D	0.52%
DD	B	0.51%
BLK	A	0.5%
NVDA	D	0.5%
AXP	B	0.5%
ALL	A	0.49%
DOW	D	0.47%
PRU	C	0.45%
BBY	B	0.45%
GS	D	0.45%
FDX	C	0.45%
LRCX	F	0.44%
CL	C	0.42%
HPE	D	0.42%
UPS	D	0.41%
TJX	C	0.4%
DE	B	0.4%
JCI	B	0.38%
DHR	B	0.35%
WM	D	0.34%
FIS	B	0.33%
TSLA	C	0.33%
ADP	B	0.33%
CARR	B	0.32%
TMUS	C	0.32%
WDC	D	0.3%
PGR	A	0.3%
MCK	F	0.29%
GIS	B	0.29%
MDLZ	B	0.28%
APD	B	0.28%
BIIB	F	0.28%
IP	B	0.28%
WELL	B	0.28%
BDX	F	0.27%
CBRE	A	0.26%
CMI	C	0.26%
NTAP	D	0.25%
EBAY	B	0.24%
CRM	D	0.24%
ECL	B	0.24%
ITW	B	0.23%
CAH	C	0.23%
EA	D	0.22%
ADI	D	0.22%
HIG	A	0.22%
ADM	D	0.21%
AMP	B	0.21%
STT	A	0.2%
EIX	C	0.2%
WY	C	0.2%
LUMN	C	0.2%
KHC	C	0.19%
VTR	C	0.19%
MAR	C	0.19%
SYY	D	0.19%
AMT	C	0.18%
EQIX	B	0.18%
IRM	B	0.18%
SYK	C	0.17%
JNPR	A	0.17%
JLL	B	0.17%
PPG	C	0.17%
DVA	B	0.16%
BK	A	0.16%
MSI	C	0.16%
SPGI	B	0.16%
KLAC	D	0.15%
GEHC	C	0.15%
PLD	C	0.14%
A	C	0.14%
EQR	B	0.14%
MCO	A	0.14%
VFC	C	0.14%
GWW	B	0.14%
BALL	C	0.14%
BSX	B	0.14%
K	A	0.14%
SHW	B	0.14%
OC	C	0.14%
AVB	B	0.13%
BAX	C	0.13%
ARW	C	0.13%
PFG	B	0.13%
KSS	F	0.13%
OMC	A	0.12%
MOS	F	0.12%
AWK	A	0.12%
AMD	F	0.12%
NFLX	B	0.12%
KDP	A	0.12%
PKG	B	0.11%
WBA	F	0.11%
CDW	D	0.1%
ISRG	C	0.1%
SOLV	C	0.1%
HLT	B	0.1%
CF	B	0.1%
VTRS	C	0.1%
GAP	F	0.1%
TSCO	C	0.09%
DGX	B	0.09%
PVH	F	0.09%
EL	F	0.09%
CDNS	D	0.09%
LNC	D	0.09%
HST	D	0.09%
TER	D	0.09%
FITB	B	0.09%
IFF	B	0.08%
LEA	D	0.08%
SWK	B	0.08%
OTIS	D	0.08%
HOLX	B	0.08%
AVT	D	0.08%
WAT	C	0.08%
ON	D	0.08%
MHK	B	0.08%
FOXA	B	0.08%
USFD	B	0.07%
FAST	C	0.07%
DOX	C	0.07%
LKQ	D	0.07%
GPC	D	0.07%
PAYX	C	0.07%
TPR	C	0.07%
EQH	C	0.06%
MRVL	C	0.06%
SNPS	D	0.06%
O	B	0.06%
RSG	D	0.06%
MAA	B	0.06%
AKAM	D	0.06%
DOV	B	0.06%
DXC	C	0.05%
FL	D	0.05%
XRX	F	0.05%
HSY	C	0.05%
CPB	B	0.05%
ESS	B	0.05%
DELL	D	0.05%
BKNG	B	0.05%
CHD	C	0.05%
NWL	D	0.04%
TROW	D	0.04%
CTVA	B	0.04%
ROK	D	0.04%
NTRS	B	0.04%
OGN	D	0.04%
CAG	B	0.04%
KEYS	C	0.04%
HUN	D	0.04%
HSIC	C	0.04%
FLEX	C	0.04%
KD	D	0.03%
VNO	B	0.03%
AGCO	D	0.03%
ORLY	B	0.02%
NWSA	D	0.02%
GT	F	0.02%
KLG	C	0.01%
WAB	A	0.01%
NDAQ	B	0.01%
MAN	C	0.01%
KIM	B	0.01%
ANET	B	0.01%

RAFE Underweight 50 Positions Relative to CVAR

Symbol	Grade	Weight
HCSG	C	-2.97%
PRLB	D	-2.78%
CLB	D	-2.59%
LUV	C	-2.58%
MKTX	C	-2.53%
GOLD	B	-2.04%
NWN	B	-2.0%
MKC	B	-1.95%
VEEV	C	-1.84%
PAYC	D	-1.8%
GPN	D	-1.75%
MDT	C	-1.53%
ES	C	-1.49%
CLX	C	-1.35%
FMS	C	-1.16%
PRGO	D	-1.15%
POR	B	-1.14%
NHI	A	-1.12%
ARE	B	-1.11%
DEI	B	-1.11%
MTB	B	-1.09%
SWKS	F	-1.09%
QRVO	F	-1.09%
TFC	D	-0.98%
FMC	C	-0.95%
ANSS	F	-0.93%
G	C	-0.93%
BABA	C	-0.92%
SW	B	-0.88%
BP	D	-0.83%
CGNX	D	-0.8%
INDB	C	-0.79%
PDM	B	-0.73%
CHRW	B	-0.72%
KRC	B	-0.7%
INGN	D	-0.69%
HIW	B	-0.62%
ADSK	B	-0.61%
OGS	B	-0.61%
ESRT	B	-0.59%
MNRO	D	-0.57%
LTC	B	-0.56%
SCS	B	-0.53%
IDA	B	-0.53%
RDUS	D	-0.43%
JBT	D	-0.41%
CMP	D	-0.26%
WBD	D	-0.18%
DUK	C	-0.01%
AEP	B	-0.01%