SPRX vs. NETZ ETF Comparison

Comparison of Spear Alpha ETF (SPRX) to Engine No. 1 Transform Climate ETF (NETZ)

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

$21.70

Average Daily Volume

41,953

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NETZ

Engine No. 1 Transform Climate ETF

NETZ Description

Engine No. 1 Transform Climate ETF is an exchange traded fund launched and managed by Engine No.1 LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs fundamental analysis with bottom-up and top-down stock picking approach to create its portfolio. It employs proprietary research to create its portfolio. Engine No. 1 Transform Climate ETF is domiciled in the United States

Grade (RS Rating)

Last Trade

$70.67

Average Daily Volume

9,360

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPRX	NETZ
30 Days	-3.56%	3.08%
60 Days	-2.69%	2.91%
90 Days	-6.22%	1.54%
12 Months	19.95%	34.59%

2 Overlapping Holdings

	Symbol	Grade	Weight in SPRX	Weight in NETZ	Overlap
	CEG	C	4.72%	1.47%	1.47%
	NVT	D	0.73%	0.94%	0.73%

SPRX Overweight 20 Positions Relative to NETZ

Symbol	Grade	Weight
NVDA	D	13.23%
ZS	F	9.39%
MRVL	C	9.12%
S	C	8.4%
NET	D	7.98%
SHOP	C	7.0%
AMD	D	6.82%
DDOG	D	5.5%
APH	D	4.7%
HUBS	D	3.49%
CFLT	F	3.31%
MU	F	3.0%
CRWD	D	2.5%
GTLB	D	2.19%
SNOW	F	2.0%
NRG	C	1.73%
ANET	C	1.46%
PANW	C	0.2%
RIO	D	0.0%
ROK	D	0.0%

SPRX Underweight 16 Positions Relative to NETZ

Symbol	Grade	Weight
RSG	B	-10.33%
GE	A	-9.11%
MSFT	C	-7.15%
VRT	C	-6.94%
XOM	D	-5.69%
UNP	B	-5.62%
TT	A	-4.28%
FANG	F	-4.28%
WM	D	-3.91%
VST	C	-3.69%
GEV	B	-3.61%
OXY	F	-3.47%
AMAT	D	-2.49%
FSLR	D	-2.27%
HUBB	B	-2.06%
DE	B	-0.98%