ROYA vs. BOUT ETF Comparison

Comparison of Tema Global Royalties ETF (ROYA) to Innovator IBD Breakout Opportunities ETF (BOUT)

ROYA

Tema Global Royalties ETF

ROYA Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies that earn, in normal circumstances, at least 80% of their revenue from royalty income, royalty-related income and intellectual property income. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.81

Average Daily Volume

125

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$35.02

Average Daily Volume

2,240

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ROYA	BOUT
30 Days	-2.09%	0.27%
60 Days	1.21%	1.63%
90 Days	1.41%	-0.62%
12 Months		9.85%

1 Overlapping Holdings

	Symbol	Grade	Weight in ROYA	Weight in BOUT	Overlap
	IDCC	A	6.34%	3.71%	3.71%

ROYA Overweight 4 Positions Relative to BOUT

Symbol	Grade	Weight
QCOM	B	5.08%
RPRX	F	4.88%
MCD	F	4.74%
TPL	B	4.73%

ROYA Underweight 42 Positions Relative to BOUT

Symbol	Grade	Weight
LOAR	D	-4.48%
VIK	B	-4.38%
CTRI	F	-4.37%
PACS	B	-4.36%
ONON	C	-4.32%
PAL	B	-4.29%
MSDL	B	-4.28%
AHR	A	-4.28%
MPWR	A	-3.87%
KLAC	B	-3.87%
OLED	A	-3.83%
ISRG	B	-3.76%
QRVO	B	-3.75%
SPB	D	-3.72%
NXPI	B	-3.72%
AMGN	B	-2.52%
RSG	A	-2.5%
RL	C	-2.49%
PSTG	C	-2.48%
IBKR	B	-2.44%
GOOGL	A	-2.44%
DDOG	B	-2.42%
ERJ	D	-2.4%
BKNG	B	-1.35%
KSPI	A	-1.25%
GMED	A	-1.25%
AVAV	D	-1.25%
ATGE	A	-1.25%
NVO	C	-1.22%
ANF	B	-1.22%
AZN	C	-1.21%
PLTR	B	-0.49%
ARM	B	-0.49%
FN	C	-0.48%
NFLX	A	-0.47%
UBS	B	-0.46%
DECK	C	-0.46%
PINS	B	-0.45%
HALO	B	-0.45%
CRWD	A	-0.44%
PDD	D	-0.43%
AMSC	B	-0.43%

ROYA: Top Represented Industries & Keywords

Industries: Biotechnology Real Estate - General Restaurants Semiconductors Telecom Services