SMRI vs. UPGD ETF Comparison

Comparison of Bushido Capital US Equity ETF (SMRI) to Invesco Bloomberg Analyst Rating Improvers ETF (UPGD)

SMRI

Bushido Capital US Equity ETF

SMRI Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets (plus the amount of any borrowings for investment purposes) in U.S. listed common stock.

Grade (RS Rating)

Last Trade

$33.54

Average Daily Volume

5,628

Number of Holdings ^*

* may have additional holdings in another (foreign) market

UPGD

Invesco Bloomberg Analyst Rating Improvers ETF

UPGD Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The index provider compiles, maintains and calculates the new underlying index, which is comprised of equity securities with the most improved Consensus Ratings based on data from Bloomberg Analyst Recommendations ("ANR"), an affiliate of the index provider.

Grade (RS Rating)

Last Trade

$74.83

Average Daily Volume

1,729

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMRI	UPGD
30 Days	10.48%	5.22%
60 Days	9.99%	5.30%
90 Days	11.21%	7.09%
12 Months	34.42%	35.27%

3 Overlapping Holdings

Symbol	Grade	Weight in SMRI	Weight in UPGD	Overlap
CAH	B	2.04%	2.09%	2.04%
EPAM	C	2.28%	2.22%	2.22%
PCAR	B	2.16%	2.22%	2.16%

SMRI Overweight 47 Positions Relative to UPGD

Symbol	Grade	Weight
APP	B	4.07%
DAL	C	2.56%
DOCU	A	2.55%
MCK	B	2.34%
EXPE	B	2.33%
SNA	A	2.33%
VST	B	2.32%
BKNG	A	2.22%
ZM	B	2.2%
EME	C	2.14%
JBL	B	2.11%
HPE	B	2.1%
GEN	B	2.07%
OC	A	2.07%
CVX	A	2.04%
FFIV	B	2.03%
PYPL	B	2.03%
PAYX	C	2.03%
COR	B	2.0%
UTHR	C	2.0%
EG	C	1.97%
EOG	A	1.97%
VLO	C	1.94%
NRG	B	1.93%
ABNB	C	1.91%
XOM	B	1.91%
BWA	D	1.89%
SLB	C	1.87%
FANG	D	1.84%
NUE	C	1.81%
QCOM	F	1.81%
LKQ	D	1.79%
MPC	D	1.79%
NTAP	C	1.79%
DVN	F	1.78%
NVR	D	1.76%
CI	F	1.71%
LEN	D	1.71%
BLD	D	1.68%
BG	F	1.68%
AMGN	D	1.68%
PHM	D	1.68%
MOH	F	1.64%
WSM	B	1.59%
MRK	F	1.58%
CNC	D	1.46%
ELV	F	1.43%

SMRI Underweight 45 Positions Relative to UPGD

Symbol	Grade	Weight
PLTR	B	-3.59%
TOST	B	-3.14%
CVNA	B	-2.98%
KMI	A	-2.53%
RL	B	-2.33%
IP	B	-2.28%
T	A	-2.24%
XEL	A	-2.22%
INTC	D	-2.21%
CLX	B	-2.14%
SNAP	C	-2.12%
CHRW	C	-2.08%
CHD	B	-2.05%
CARR	D	-2.03%
HSIC	B	-2.02%
DGX	A	-2.02%
HPQ	B	-2.02%
ODFL	B	-2.01%
EBAY	D	-2.0%
SHW	A	-2.0%
VZ	C	-1.96%
BBY	D	-1.95%
TSN	B	-1.94%
SO	D	-1.92%
MMM	D	-1.92%
CTSH	B	-1.91%
ECL	D	-1.9%
EIX	B	-1.9%
NOC	D	-1.84%
LMT	D	-1.83%
BALL	D	-1.81%
KMB	D	-1.79%
KMX	B	-1.78%
AMCR	D	-1.77%
STX	D	-1.77%
MOS	F	-1.76%
SJM	D	-1.74%
HRL	D	-1.73%
KHC	F	-1.67%
LYB	F	-1.64%
CPB	D	-1.64%
TFX	F	-1.56%
SIRI	C	-1.46%
HII	D	-1.38%
DG	F	-1.19%