SEF vs. ACIO ETF Comparison

Comparison of ProShares Short Financials (SEF) to Aptus Collared Income Opportunity ETF (ACIO)

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$9.55

Average Daily Volume

74,186

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$39.64

Average Daily Volume

130,940

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	ACIO
30 Days	-3.54%	1.61%
60 Days	-5.26%	4.07%
90 Days	-8.23%	5.26%
12 Months	-19.91%	28.19%

13 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in ACIO	Overlap
BAC	D	4.46%	0.92%	0.92%
BLK	B	1.06%	1.11%	1.06%
BRK.A	C	7.56%	1.79%	1.79%
C	C	2.98%	0.56%	0.56%
DLR	B	0.44%	0.6%	0.44%
ICE	C	0.91%	0.77%	0.77%
JPM	D	7.27%	1.88%	1.88%
MMC	C	0.97%	0.97%	0.97%
MS	D	1.19%	0.89%	0.89%
PGR	B	0.75%	1.71%	0.75%
PLD	C	1.0%	1.02%	1.0%
PSA	B	0.56%	0.53%	0.53%
V	C	5.88%	1.76%	1.76%

SEF Overweight 84 Positions Relative to ACIO

Symbol	Grade	Weight
MA	B	4.83%
WFC	D	3.19%
AMT	C	1.74%
AXP	B	1.49%
GS	C	1.34%
USB	B	1.32%
TFC	C	1.27%
CME	C	1.25%
SPGI	B	1.22%
CB	B	1.17%
PNC	B	1.13%
CCI	C	1.02%
SCHW	D	0.93%
EQIX	C	0.84%
AON	B	0.83%
COF	B	0.81%
AIG	D	0.77%
SPG	B	0.76%
MCO	B	0.7%
MET	B	0.69%
BX	B	0.67%
PRU	C	0.66%
AFL	C	0.66%
BK	B	0.65%
ALL	B	0.64%
TRV	C	0.61%
WELL	C	0.59%
TROW	D	0.52%
AVB	B	0.51%
STT	A	0.5%
SBAC	C	0.48%
EQR	B	0.48%
WTW	C	0.44%
DFS	B	0.44%
O	C	0.42%
MSCI	C	0.4%
CSGP	D	0.4%
WY	C	0.39%
NTRS	A	0.39%
AMP	A	0.37%
VTR	C	0.37%
HIG	B	0.37%
SYF	C	0.36%
MTB	B	0.36%
FITB	B	0.35%
BXP	B	0.34%
CBRE	A	0.34%
ESS	B	0.34%
ARE	C	0.32%
KEY	B	0.32%
ACGL	C	0.31%
CFG	C	0.3%
DOC	C	0.3%
AJG	D	0.3%
INVH	C	0.28%
MKL	C	0.28%
RF	B	0.27%
CINF	B	0.27%
HBAN	B	0.26%
MAA	B	0.26%
PFG	B	0.25%
MKTX	C	0.24%
WPC	C	0.24%
SUI	B	0.24%
EXR	B	0.24%
L	C	0.23%
NLY	B	0.23%
UDR	C	0.23%
HST	C	0.22%
ELS	C	0.22%
FNF	B	0.22%
NDAQ	A	0.21%
RJF	C	0.2%
LNC	D	0.2%
EG	C	0.19%
MPW	C	0.19%
ALLY	F	0.19%
EQH	C	0.19%
GL	C	0.18%
FDS	C	0.18%
REG	C	0.18%
VNO	B	0.18%
CPT	B	0.18%
WRB	C	0.17%

SEF Underweight 62 Positions Relative to ACIO

Symbol	Grade	Weight
AAPL	C	-6.91%
MSFT	C	-6.51%
NVDA	D	-5.66%
AMZN	C	-3.46%
GOOG	D	-3.44%
META	B	-2.41%
XOM	C	-1.86%
LMT	C	-1.82%
NOW	B	-1.81%
SYK	C	-1.79%
AVGO	C	-1.74%
CAT	B	-1.58%
LLY	C	-1.58%
AMAT	D	-1.45%
LIN	B	-1.41%
PG	C	-1.34%
TMO	B	-1.32%
UNH	C	-1.32%
PEP	C	-1.3%
TSLA	C	-1.27%
WMT	C	-1.22%
LOW	B	-1.18%
JNJ	C	-1.17%
ACN	C	-1.14%
SO	B	-1.09%
TMUS	C	-1.07%
NFLX	B	-1.06%
MCD	B	-1.04%
COST	B	-1.04%
INTU	C	-1.03%
CSX	D	-1.03%
MAR	C	-0.96%
CTAS	B	-0.93%
ADI	C	-0.92%
FDX	C	-0.89%
TJX	B	-0.89%
PHM	B	-0.87%
MCK	F	-0.87%
HON	D	-0.86%
MSI	B	-0.85%
ABT	C	-0.84%
MDLZ	B	-0.81%
MRK	D	-0.8%
ABBV	C	-0.79%
FANG	D	-0.77%
NEE	C	-0.77%
ISRG	B	-0.73%
DUK	C	-0.7%
MO	C	-0.62%
TYL	C	-0.61%
DE	B	-0.58%
ADBE	F	-0.55%
DVN	F	-0.54%
ETN	C	-0.52%
VRTX	D	-0.5%
AMD	D	-0.48%
SHW	B	-0.43%
AMGN	B	-0.42%
CMCSA	D	-0.38%
FCX	D	-0.35%
ADP	B	-0.3%
HAL	F	-0.24%