SPUS vs. DARP ETF Comparison

Comparison of SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) to Return Stacked Bonds & Managed Futures ETF Grizzle Growth ETF (DARP)

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$41.30

Average Daily Volume

174,771

Number of Holdings ^*

230

* may have additional holdings in another (foreign) market

DARP

Return Stacked Bonds & Managed Futures ETF Grizzle Growth ETF

DARP Description

The fund is an actively managed exchange-traded fund ("ETF") that invests primarily in equity securities of companies, with a focus on growth, innovation and disruption. The fund seeks to identify future leaders in the following overarching key growth themes including, but not limited to: Digitization and Cloud Computing, Future Media and Entertainment, Health and Wellness, and Sustainability and Energy Transition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.67

Average Daily Volume

1,336

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPUS	DARP
30 Days	0.85%	-1.37%
60 Days	5.58%	2.47%
90 Days	1.92%	-4.84%
12 Months	34.38%	26.92%

7 Overlapping Holdings

Symbol	Grade	Weight in SPUS	Weight in DARP	Overlap
AAPL	C	10.67%	8.02%	8.02%
ABNB	D	0.17%	3.11%	0.17%
GOOGL	D	3.08%	6.05%	3.08%
META	B	3.82%	5.34%	3.82%
MSFT	C	10.64%	10.82%	10.64%
MU	F	0.34%	4.54%	0.34%
NVDA	D	9.74%	19.47%	9.74%

SPUS Overweight 223 Positions Relative to DARP

Symbol	Grade	Weight
AMZN	C	5.68%
GOOG	D	2.57%
LLY	C	2.45%
AVGO	C	2.43%
TSLA	C	2.12%
XOM	C	1.66%
PG	C	1.37%
JNJ	C	1.32%
HD	A	1.25%
ABBV	C	1.14%
MRK	F	0.98%
AMD	D	0.82%
CRM	D	0.82%
PEP	D	0.81%
ADBE	F	0.8%
TMO	C	0.77%
LIN	A	0.75%
ACN	C	0.73%
CSCO	B	0.67%
ABT	C	0.67%
QCOM	F	0.62%
NOW	B	0.6%
DHR	C	0.6%
TXN	C	0.6%
ISRG	B	0.58%
AMAT	D	0.52%
UBER	C	0.5%
UNP	D	0.5%
LOW	A	0.49%
TJX	C	0.45%
BKNG	B	0.44%
HON	D	0.44%
SYK	B	0.42%
ETN	C	0.41%
BSX	B	0.41%
MDT	B	0.4%
PLD	C	0.4%
COP	D	0.4%
REGN	D	0.4%
ADI	C	0.37%
PANW	C	0.37%
MDLZ	C	0.34%
GILD	B	0.34%
LRCX	F	0.33%
KLAC	D	0.33%
NKE	D	0.32%
UPS	D	0.31%
ANET	B	0.3%
CL	C	0.29%
SHW	A	0.29%
TT	B	0.27%
EQIX	B	0.27%
SNPS	D	0.25%
PH	B	0.25%
WM	D	0.25%
APH	D	0.25%
CDNS	D	0.24%
MSI	A	0.24%
MMM	A	0.24%
ITW	C	0.23%
EOG	D	0.23%
TGT	C	0.23%
CTAS	C	0.23%
CSX	D	0.22%
MCK	F	0.22%
BDX	D	0.22%
NEM	B	0.21%
APD	B	0.21%
ECL	A	0.21%
ORLY	C	0.21%
FCX	D	0.2%
CEG	C	0.2%
ADSK	C	0.19%
SLB	F	0.19%
DHI	B	0.19%
NXPI	D	0.19%
ROP	C	0.19%
EMR	D	0.19%
NSC	C	0.18%
AZO	D	0.17%
ROST	C	0.17%
FTNT	B	0.16%
KMB	D	0.16%
JCI	B	0.16%
MPWR	C	0.15%
CPRT	D	0.15%
VLO	F	0.15%
FICO	B	0.15%
TEL	D	0.15%
KVUE	C	0.15%
IDXX	D	0.14%
CMI	B	0.14%
EW	F	0.14%
GIS	C	0.14%
RSG	C	0.14%
MCHP	D	0.14%
GWW	A	0.14%
EFX	C	0.13%
OTIS	C	0.13%
CTSH	C	0.13%
AME	C	0.13%
PWR	B	0.13%
IT	A	0.13%
KDP	A	0.13%
CTVA	B	0.13%
FAST	C	0.13%
A	C	0.13%
HES	D	0.12%
MNST	D	0.12%
RMD	C	0.12%
IR	C	0.12%
GEHC	C	0.12%
XYL	D	0.11%
CSGP	D	0.11%
EBAY	B	0.11%
MLM	D	0.11%
GLW	B	0.11%
AVB	B	0.11%
BKR	D	0.11%
DD	B	0.11%
ODFL	D	0.11%
NUE	F	0.11%
HPQ	D	0.1%
PHM	B	0.1%
CDW	D	0.1%
WAB	B	0.1%
ROK	F	0.1%
ADM	D	0.1%
PPG	D	0.1%
HSY	D	0.1%
LULU	D	0.1%
TSCO	C	0.1%
ON	F	0.1%
FANG	D	0.1%
VMC	D	0.1%
FTV	D	0.09%
KEYS	C	0.09%
GRMN	C	0.09%
EQR	B	0.09%
ANSS	D	0.09%
DXCM	F	0.09%
CAH	C	0.09%
MTD	D	0.09%
BIIB	F	0.09%
SMCI	F	0.08%
DECK	C	0.08%
WY	C	0.08%
STE	C	0.08%
NTAP	D	0.08%
VLTO	B	0.08%
FSLR	C	0.08%
TYL	B	0.08%
HAL	F	0.08%
DVN	D	0.08%
DOV	B	0.08%
CHD	C	0.08%
EL	F	0.07%
TER	D	0.07%
CLX	B	0.07%
MOH	D	0.07%
PTC	D	0.07%
MKC	C	0.07%
K	A	0.07%
HUBB	B	0.07%
WST	D	0.07%
ZBH	D	0.07%
BLDR	C	0.07%
CTRA	D	0.06%
EXPD	C	0.06%
ALGN	D	0.06%
DGX	C	0.06%
ZBRA	B	0.06%
EXPE	C	0.06%
AVY	C	0.06%
MAS	B	0.06%
ULTA	D	0.06%
J	C	0.06%
APTV	D	0.06%
PKG	B	0.06%
HOLX	C	0.06%
BBY	C	0.06%
GPC	D	0.06%
MAA	C	0.06%
WAT	C	0.06%
JBHT	D	0.05%
TRMB	C	0.05%
ROL	B	0.05%
CF	B	0.05%
ENPH	C	0.05%
IEX	D	0.05%
AKAM	D	0.05%
PNR	A	0.05%
VRSN	D	0.05%
PODD	B	0.05%
SWKS	F	0.05%
STLD	D	0.05%
LKQ	F	0.04%
TFX	C	0.04%
EPAM	F	0.04%
TECH	C	0.04%
CHRW	A	0.04%
ALLE	B	0.04%
FFIV	B	0.04%
JNPR	B	0.04%
JBL	D	0.04%
CPT	A	0.04%
NDSN	C	0.04%
POOL	C	0.04%
PAYC	D	0.03%
MHK	C	0.03%
MOS	F	0.03%
GNRC	D	0.03%
HSIC	D	0.03%
LW	D	0.03%
AOS	D	0.03%
ALB	D	0.03%
CRL	F	0.03%
INCY	D	0.03%
QRVO	F	0.03%
ETSY	F	0.02%
BIO	C	0.02%
WBA	F	0.02%
RL	B	0.02%

SPUS Underweight 2 Positions Relative to DARP

	Symbol	Grade	Weight
	ASML	F	-4.17%
	TSM	C	-3.49%