TWIO vs. FTLS ETF Comparison

Comparison of Trajan Wealth Income Opportunities ETF (TWIO) to First Trust Long/Short Equity (FTLS)

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

$9.35

Average Daily Volume

9,535

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.65

Average Daily Volume

135,516

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	TWIO	FTLS
30 Days	0.77%	2.02%
60 Days	3.03%	5.25%
90 Days	4.82%	1.15%
12 Months	16.95%	22.25%

4 Overlapping Holdings

Symbol	Grade	Weight in TWIO	Weight in FTLS	Overlap
C	B	2.38%	2.0%	2.0%
VLO	F	1.5%	1.4%	1.4%
WMB	A	1.92%	0.06%	0.06%
XOM	A	1.75%	-0.45%	-0.45%

TWIO Overweight 15 Positions Relative to FTLS

Symbol	Grade	Weight
IBM	A	2.92%
VZ	C	2.46%
OGE	C	2.36%
SBLK	C	2.3%
BKH	C	2.12%
K	B	2.1%
BX	C	2.03%
SON	D	1.96%
PSA	C	1.92%
ABBV	C	1.92%
AIG	C	1.84%
CMSC	B	1.77%
BG	F	1.75%
FSK	A	1.7%
KO	C	0.78%

TWIO Underweight 384 Positions Relative to FTLS

Symbol	Grade	Weight
AAPL	C	-7.52%
MSFT	D	-4.52%
NVDA	B	-4.05%
AMZN	C	-2.46%
LOW	C	-2.16%
ACN	B	-2.07%
TMUS	A	-2.03%
JNJ	D	-1.99%
QCOM	D	-1.98%
SCHW	D	-1.84%
PM	D	-1.83%
META	A	-1.76%
FDX	F	-1.57%
CME	A	-1.55%
PH	A	-1.51%
MPC	D	-1.43%
MO	D	-1.41%
CL	D	-1.34%
GOOGL	B	-1.32%
USB	C	-1.23%
BRK.A	B	-1.12%
GOOG	B	-1.11%
AVGO	B	-1.09%
ILMN	B	-1.05%
CTAS	C	-1.03%
LNG	A	-1.02%
KMI	A	-1.01%
HPQ	B	-0.98%
TRV	B	-0.98%
TFC	D	-0.95%
FIS	A	-0.95%
LLY	D	-0.95%
SYY	D	-0.87%
HWM	A	-0.86%
ALL	A	-0.85%
JPM	C	-0.82%
FANG	D	-0.79%
PBR	B	-0.77%
NTAP	D	-0.77%
JBL	C	-0.71%
AFL	A	-0.71%
TOL	C	-0.67%
CROX	C	-0.64%
RL	B	-0.63%
SYF	A	-0.61%
NVR	C	-0.59%
CSL	A	-0.59%
INSM	D	-0.56%
CF	A	-0.55%
VLTO	A	-0.53%
PNR	C	-0.52%
SWK	C	-0.52%
MAS	C	-0.49%
TWLO	B	-0.49%
NVS	D	-0.47%
VRSN	C	-0.47%
CAG	D	-0.46%
BJ	B	-0.45%
OKTA	F	-0.44%
VICI	C	-0.43%
EAT	A	-0.43%
ZIM	D	-0.43%
GEN	A	-0.42%
FLEX	B	-0.4%
GL	C	-0.39%
PENN	D	-0.37%
NTRS	B	-0.36%
FFIV	B	-0.36%
TTC	F	-0.34%
TKO	A	-0.34%
DBX	C	-0.33%
ASO	D	-0.33%
EXP	C	-0.33%
CRS	B	-0.32%
CCK	C	-0.31%
PI	A	-0.31%
WRB	C	-0.3%
LPX	C	-0.3%
ALLY	F	-0.29%
JAZZ	F	-0.28%
SNA	C	-0.27%
SPYV	A	-0.26%
RPRX	D	-0.26%
IWD	A	-0.26%
SCHV	A	-0.26%
AYI	A	-0.24%
CNK	D	-0.22%
UHS	D	-0.22%
HRB	C	-0.21%
AIZ	B	-0.21%
MSM	D	-0.21%
STNG	B	-0.21%
KNSL	B	-0.21%
EWBC	B	-0.2%
WHD	A	-0.19%
TWST	D	-0.19%
MGY	B	-0.18%
THO	C	-0.18%
SAM	D	-0.18%
ADMA	A	-0.17%
COLB	C	-0.16%
LEG	D	-0.16%
GLBE	C	-0.16%
OPCH	F	-0.16%
ALSN	A	-0.16%
ALKS	B	-0.16%
EXEL	B	-0.15%
BFAM	C	-0.15%
LOGI	D	-0.15%
PRI	A	-0.14%
UMBF	C	-0.14%
CRC	B	-0.14%
ORI	A	-0.14%
SFM	A	-0.13%
SIGI	D	-0.13%
TXG	F	-0.13%
MATX	C	-0.13%
MTG	A	-0.13%
CALM	A	-0.13%
PNFP	B	-0.13%
PAA	B	-0.13%
CBT	B	-0.13%
AXS	A	-0.13%
NSA	D	-0.12%
CSWI	A	-0.12%
GMS	B	-0.12%
SKYW	B	-0.12%
GFF	C	-0.12%
CBSH	D	-0.11%
ZWS	A	-0.11%
AM	A	-0.11%
SMPL	D	-0.11%
WGO	D	-0.11%
HESM	C	-0.11%
GRBK	C	-0.11%
BFH	D	-0.11%
GM	D	-0.11%
YOU	C	-0.11%
MMS	C	-0.11%
KRG	C	-0.11%
RDFN	C	-0.11%
LCII	C	-0.1%
VRNA	B	-0.1%
PPC	C	-0.1%
ESNT	A	-0.1%
DBRG	D	-0.1%
FTDR	B	-0.1%
ENLC	A	-0.1%
TCBI	B	-0.09%
PRGS	A	-0.09%
EPR	C	-0.09%
FOLD	F	-0.09%
EXTR	D	-0.09%
THG	A	-0.09%
TBBK	A	-0.09%
ABM	D	-0.09%
LANC	F	-0.08%
GBCI	B	-0.08%
MQ	F	-0.08%
VCYT	C	-0.08%
LOPE	D	-0.08%
KFY	C	-0.08%
BOH	D	-0.07%
REVG	D	-0.07%
UBSI	D	-0.07%
MYGN	D	-0.07%
BCRX	D	-0.07%
KMPR	D	-0.07%
OTEX	D	-0.07%
NMIH	B	-0.07%
HAYW	C	-0.07%
AVNT	C	-0.07%
CARG	C	-0.07%
AZZ	B	-0.07%
RLI	A	-0.07%
CUBI	F	-0.07%
TRMD	D	-0.07%
ROIC	C	-0.06%
FHB	D	-0.06%
PLMR	A	-0.06%
COLL	A	-0.06%
AMPH	C	-0.06%
EBC	B	-0.06%
GSL	C	-0.06%
WFG	C	-0.06%
BRC	C	-0.06%
PBH	D	-0.06%
ICFI	C	-0.06%
ADUS	D	-0.06%
PAYO	A	-0.06%
PLXS	A	-0.06%
SUPN	D	-0.05%
CDNA	B	-0.05%
AUB	D	-0.05%
VIST	C	--0.02%
PAR	D	--0.02%
FAST	C	--0.02%
VSAT	F	--0.02%
DNB	D	--0.02%
CBU	D	--0.02%
FSLR	C	--0.02%
HON	C	--0.02%
KD	D	--0.02%
AER	C	--0.02%
NVEE	F	--0.02%
SAIA	D	--0.02%
COHR	B	--0.02%
ARM	C	--0.02%
ENS	B	--0.02%
LKFN	D	--0.02%
CVX	B	--0.02%
EA	D	--0.02%
IBOC	D	--0.02%
APPN	C	--0.03%
LYFT	D	--0.03%
ENR	B	--0.03%
FFIN	D	--0.03%
ALB	D	--0.03%
GE	B	--0.03%
RDY	D	--0.03%
IRTC	F	--0.03%
ICHR	D	--0.03%
SOFI	C	--0.03%
HHH	C	--0.03%
OSK	F	--0.03%
MARA	F	--0.03%
AZTA	F	--0.03%
WMT	A	--0.03%
TMO	D	--0.03%
BURL	C	--0.03%
DIOD	F	--0.03%
PRCT	D	--0.03%
AMD	C	--0.03%
CNNE	F	--0.03%
GPRE	F	--0.03%
GKOS	B	--0.03%
ASPN	C	--0.03%
COTY	F	--0.03%
PSMT	A	--0.03%
ARLO	F	--0.03%
OSIS	C	--0.03%
TFIN	F	--0.03%
LMND	F	--0.03%
UPST	C	--0.03%
CFLT	F	--0.03%
SDGR	F	--0.03%
BIRK	F	--0.03%
BE	F	--0.03%
RUN	D	--0.03%
CLH	B	--0.03%
UWMC	D	--0.03%
RCL	B	--0.03%
CRDO	B	--0.03%
NWSA	D	--0.03%
ATEC	F	--0.03%
RXST	F	--0.03%
HLN	C	--0.03%
RIVN	F	--0.03%
FRO	B	--0.03%
SLGN	B	--0.03%
WOLF	F	--0.03%
ACIW	A	--0.04%
CTRA	D	--0.04%
AMAT	C	--0.04%
W	C	--0.04%
GATX	F	--0.04%
AMRC	C	--0.04%
RH	C	--0.04%
ERJ	C	--0.04%
AMRK	C	--0.04%
UTZ	D	--0.04%
BVN	D	--0.04%
EQT	C	--0.04%
NEOG	F	--0.04%
TTD	A	--0.05%
ACVA	C	--0.05%
ZD	D	--0.05%
STZ	D	--0.05%
MP	C	--0.05%
AEO	C	--0.06%
MSA	F	--0.06%
MUFG	D	--0.06%
APO	A	--0.06%
COP	D	--0.06%
VRRM	D	--0.06%
WST	D	--0.06%
MMYT	B	--0.07%
KTOS	B	--0.07%
DLB	D	--0.07%
AVAV	B	--0.07%
VNT	F	--0.07%
SE	B	--0.07%
SSB	C	--0.07%
VAL	F	--0.07%
BA	F	--0.08%
CHK	C	--0.08%
R	C	--0.08%
CDW	D	--0.08%
HCA	C	--0.08%
TRMB	B	--0.08%
AVY	D	--0.08%
NXPI	F	--0.09%
DY	C	--0.09%
MAT	B	--0.09%
CCOI	B	--0.09%
ARGX	C	--0.1%
HAE	F	--0.1%
VVV	D	--0.1%
BKR	B	--0.11%
IDCC	A	--0.11%
STM	F	--0.12%
SLB	D	--0.12%
NSIT	B	--0.12%
ING	D	--0.12%
GPC	D	--0.12%
HQY	B	--0.12%
KEYS	B	--0.13%
NFLX	A	--0.13%
ABT	C	--0.14%
PKG	B	--0.14%
VMC	D	--0.14%
STE	D	--0.15%
SYK	C	--0.16%
TM	D	--0.16%
ASX	D	--0.16%
HII	F	--0.16%
INFY	B	--0.17%
GEV	A	--0.17%
MU	D	--0.18%
IPG	D	--0.18%
BWXT	A	--0.18%
GWRE	A	--0.19%
URI	C	--0.2%
GSK	F	--0.2%
PCAR	D	--0.2%
FMX	F	--0.22%
HSBC	A	--0.22%
PANW	B	--0.22%
EFX	D	--0.22%
CCEP	C	--0.24%
TYL	D	--0.24%
KR	C	--0.25%
NSC	C	--0.26%
DEO	C	--0.27%
SNPS	F	--0.28%
TTWO	D	--0.28%
SAP	C	--0.28%
OMC	C	--0.28%
PG	D	--0.28%
WAT	B	--0.29%
INTC	D	--0.29%
GEHC	C	--0.3%
ISRG	C	--0.3%
NOW	B	--0.31%
MMM	C	--0.32%
CMI	A	--0.34%
BK	A	--0.35%
UL	D	--0.35%
BABA	A	--0.35%
LMT	A	--0.36%
TXN	C	--0.37%
ZBH	F	--0.37%
MDLZ	D	--0.38%
UNH	B	--0.4%
MSI	A	--0.4%
HDB	D	--0.41%
MLM	F	--0.44%
MCD	A	--0.44%
WM	B	--0.45%
PNC	C	--0.46%
DE	C	--0.52%
ASML	F	--0.52%
VRSK	D	--0.53%
PAYX	B	--0.54%
ETN	B	--0.55%
TSLA	C	--0.56%
GD	C	--0.56%
PEP	F	--0.61%
LIN	C	--0.64%
CMCSA	B	--0.65%
CDNS	D	--0.65%
DIS	D	--0.67%
APD	C	--0.69%
ORCL	A	--0.76%