SPRX vs. LOUP ETF Comparison

Comparison of Spear Alpha ETF (SPRX) to Innovator Loup Frontier Tech ETF (LOUP)

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$24.03

Average Daily Volume

53,059

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LOUP

Innovator Loup Frontier Tech ETF

LOUP Description

The Innovator Loup Frontier Tech ETF seeks to provide exposure to the investment results of the Loup Frontier Tech Index, which tracks the performance of companies that influence the future of technology including, but not limited to, artificial intelligence (AI), computer perception, robotics, autonomous vehicles, virtual reality, and mixed/augmented reality.

Grade (RS Rating)

Last Trade

$48.64

Average Daily Volume

4,689

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPRX	LOUP
30 Days	9.48%	6.57%
60 Days	7.28%	8.06%
90 Days	6.33%	3.69%
12 Months	30.10%	22.28%

6 Overlapping Holdings

Symbol	Grade	Weight in SPRX	Weight in LOUP	Overlap
AMD	B	8.77%	2.89%	2.89%
ANET	A	1.3%	3.4%	1.3%
CRWD	A	5.12%	3.0%	3.0%
HUBS	D	3.67%	2.86%	2.86%
MRVL	C	5.07%	2.87%	2.87%
SNOW	D	6.58%	3.07%	3.07%

SPRX Overweight 15 Positions Relative to LOUP

Symbol	Grade	Weight
NVDA	B	13.53%
ZS	B	9.38%
NET	B	7.4%
SHOP	C	5.88%
CEG	C	5.15%
NRG	C	4.52%
DDOG	B	4.49%
CFLT	D	4.28%
S	D	4.03%
APH	B	3.84%
PANW	B	2.96%
GTLB	D	1.61%
NVT	C	0.83%
RIO	C	0.0%
ROK	D	0.0%

SPRX Underweight 20 Positions Relative to LOUP

Symbol	Grade	Weight
MDB	D	-5.26%
CIEN	F	-5.09%
APP	A	-5.01%
ONTO	B	-4.88%
NU	B	-3.17%
RDDT	A	-3.1%
GFS	C	-3.09%
RBLX	B	-3.09%
ISRG	B	-3.09%
DELL	B	-3.06%
AXON	C	-3.04%
NTNX	D	-3.04%
AMAT	B	-2.96%
FOUR	B	-2.91%
SQ	D	-2.86%
PSTG	C	-2.86%
MU	C	-2.85%
TTWO	C	-2.84%
VRT	C	-2.76%
U	F	-2.67%