TWIO vs. ERX ETF Comparison

Comparison of Trajan Wealth Income Opportunities ETF (TWIO) to Direxion Energy Bull 3X Shares (ERX)

TWIO

Trajan Wealth Income Opportunities ETF

TWIO Description

Spinnaker ETF Series - Trajan Wealth Income Opportunities ETF is an exchange traded fund launched and managed by OBP Capital, LLC. The fund is co-managed by Trajan Wealth, LLC. It invests in the public equity and fixed income markets of the United States. For it equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies operating across diversified market capitalization. For its fixed income, the fund primarily invests in preferred securities and income producing fixed income securities with varying maturities. The fund employs fundamental analysis with bottom-up and top-down securities picking approach to create its portfolio. Spinnaker ETF Series - Trajan Wealth Income Opportunities ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$9.36

Average Daily Volume

6,892

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ERX

Direxion Energy Bull 3X Shares

ERX Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Energy Select Sector Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Energy Select Sector Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is provided by Standard & Poor's and includes domestic companies from the following industries: oil, gas & consumable fuels; and energy equipment & services. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.63

Average Daily Volume

445,788

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TWIO	ERX
30 Days	0.90%	16.26%
60 Days	-0.80%	16.98%
90 Days	1.18%	14.56%
12 Months	13.66%	28.04%

2 Overlapping Holdings

	Symbol	Grade	Weight in TWIO	Weight in ERX	Overlap
	WMB	A	2.62%	3.04%	2.62%
	XOM	B	1.93%	14.33%	1.93%

TWIO Overweight 15 Positions Relative to ERX

Symbol	Grade	Weight
IBM	C	2.92%
C	A	2.74%
OGE	B	2.6%
BX	A	2.54%
VZ	C	2.41%
BKH	A	2.26%
K	A	2.18%
AIG	B	1.95%
FSK	A	1.94%
KO	D	1.91%
SBLK	F	1.91%
SON	D	1.88%
PSA	D	1.86%
CMSC	C	1.79%
ABBV	D	1.74%

TWIO Underweight 20 Positions Relative to ERX

Symbol	Grade	Weight
CVX	A	-10.17%
COP	C	-4.85%
EOG	A	-2.93%
OKE	A	-2.83%
SLB	C	-2.77%
PSX	C	-2.44%
MPC	D	-2.37%
KMI	A	-2.32%
VLO	C	-2.01%
BKR	B	-1.92%
TRGP	B	-1.88%
HES	B	-1.8%
OXY	D	-1.53%
FANG	D	-1.53%
HAL	C	-1.19%
EQT	B	-1.14%
DVN	F	-1.11%
CTRA	B	-0.84%
MRO	B	-0.72%
APA	D	-0.37%