RUNN vs. COWS ETF Comparison

Comparison of Running Oak Efficient Growth ETF (RUNN) to Amplify Cash Flow Dividend Leaders ETF (COWS)

RUNN

Running Oak Efficient Growth ETF

RUNN Description

The fund is in an actively managed exchange-traded fund ("ETF"). Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily in exchange-traded equity securities of large and mid-sized U.S. companies with market capitalizations of at least $5 billion. The fund is roughly equally-weighted with 50-75 stocks typically held in the portfolio. The fund may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.24

Average Daily Volume

23,451

Number of Holdings ^*

* may have additional holdings in another (foreign) market

COWS

Amplify Cash Flow Dividend Leaders ETF

COWS Description

COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

4,685

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RUNN	COWS
30 Days	3.94%	2.42%
60 Days	6.10%	2.59%
90 Days	7.43%	4.80%
12 Months	28.33%	21.45%

1 Overlapping Holdings

	Symbol	Grade	Weight in RUNN	Weight in COWS	Overlap
	G	C	1.95%	2.88%	1.95%

RUNN Overweight 9 Positions Relative to COWS

Symbol	Grade	Weight
SSNC	B	2.02%
ICE	C	1.98%
BRO	C	1.97%
PRI	B	1.95%
AJG	D	1.94%
FI	A	1.94%
UNH	C	1.92%
TJX	B	1.89%
CACI	B	1.88%

RUNN Underweight 9 Positions Relative to COWS

Symbol	Grade	Weight
CNXC	F	-2.93%
BOX	C	-2.89%
INGR	B	-2.79%
LNG	C	-2.79%
BERY	B	-2.76%
TMUS	C	-2.73%
EBAY	B	-2.65%
CF	C	-2.64%
THO	D	-2.63%