UTRN vs. BBRE ETF Comparison

Comparison of Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN) to JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE)

UTRN

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Vesper U.S. Large Cap Short-Term Reversal Index (the 'index'). The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of a portfolio of 25 stocks selected from the S&P 500 that Vesper Capital Management, LLC believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm ("Chow's Ratio" or "Algorithm").

Grade (RS Rating)

Last Trade

$31.70

Average Daily Volume

592

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$100.05

Average Daily Volume

36,485

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	UTRN	BBRE
30 Days	2.75%	0.29%
60 Days	5.09%	-0.53%
90 Days	8.59%	2.37%
12 Months	39.55%	28.63%

1 Overlapping Holdings

	Symbol	Grade	Weight in UTRN	Weight in BBRE	Overlap
	O	C	3.98%	3.78%	3.78%

UTRN Overweight 24 Positions Relative to BBRE

Symbol	Grade	Weight
DXCM	C	4.32%
ATO	A	4.2%
DGX	A	4.15%
LYV	A	4.09%
LMT	D	4.07%
AJG	A	4.05%
TRV	B	4.04%
TDY	B	4.03%
CB	C	4.02%
FTV	C	4.01%
APD	A	4.01%
ECL	D	4.01%
KDP	F	4.01%
VLTO	C	4.0%
MMC	B	4.0%
WFC	A	3.98%
PAYX	B	3.95%
PSX	C	3.94%
CVX	A	3.9%
LVS	B	3.87%
AIG	B	3.86%
PPG	F	3.83%
KHC	F	3.79%
DOW	F	3.7%

UTRN Underweight 113 Positions Relative to BBRE

Symbol	Grade	Weight
PLD	F	-8.82%
EQIX	A	-7.26%
WELL	A	-6.14%
SPG	A	-4.71%
DLR	B	-4.55%
PSA	C	-4.26%
EXR	C	-2.99%
IRM	C	-2.92%
AVB	B	-2.82%
VICI	C	-2.63%
VTR	B	-2.26%
EQR	C	-2.25%
INVH	D	-1.79%
ESS	B	-1.71%
MAA	B	-1.62%
ARE	F	-1.48%
KIM	A	-1.46%
SUI	C	-1.35%
DOC	C	-1.33%
UDR	B	-1.27%
HST	C	-1.13%
ELS	C	-1.12%
GLPI	C	-1.11%
REG	A	-1.08%
CPT	B	-1.07%
BXP	C	-1.04%
AMH	C	-1.04%
WPC	C	-1.01%
CUBE	C	-0.94%
OHI	C	-0.85%
BRX	A	-0.76%
FRT	B	-0.73%
REXR	F	-0.67%
EGP	D	-0.67%
NNN	C	-0.67%
FR	D	-0.62%
VNO	C	-0.62%
ADC	A	-0.6%
STAG	D	-0.58%
COLD	D	-0.54%
RHP	B	-0.53%
KRG	B	-0.53%
SLG	B	-0.45%
EPRT	B	-0.42%
CUZ	B	-0.42%
PECO	A	-0.41%
IRT	A	-0.41%
TRNO	F	-0.41%
SBRA	C	-0.4%
MAC	B	-0.37%
KRC	B	-0.37%
SKT	A	-0.34%
NSA	C	-0.33%
CDP	C	-0.32%
APLE	B	-0.31%
NHI	D	-0.31%
PK	C	-0.3%
EPR	C	-0.3%
HIW	C	-0.3%
DEI	B	-0.29%
BNL	D	-0.27%
CTRE	C	-0.27%
IIPR	D	-0.26%
UE	B	-0.25%
MPW	F	-0.23%
LXP	D	-0.23%
IVT	A	-0.21%
FCPT	C	-0.21%
AKR	B	-0.21%
EQC	B	-0.2%
SHO	D	-0.2%
ROIC	A	-0.19%
DRH	B	-0.17%
XHR	B	-0.16%
PEB	D	-0.15%
ELME	D	-0.14%
JBGS	F	-0.14%
LTC	B	-0.14%
RLJ	C	-0.14%
VRE	B	-0.13%
ALEX	B	-0.13%
AAT	B	-0.13%
GNL	F	-0.13%
ESRT	C	-0.13%
GTY	A	-0.12%
AIV	C	-0.12%
PDM	D	-0.11%
UMH	B	-0.1%
NXRT	B	-0.1%
CSR	B	-0.1%
DEA	D	-0.1%
PLYM	F	-0.08%
NTST	C	-0.08%
AHH	D	-0.08%
BDN	C	-0.08%
PGRE	F	-0.08%
INN	D	-0.07%
GOOD	B	-0.07%
WSR	A	-0.07%
BFS	C	-0.06%
FPI	B	-0.06%
OLP	B	-0.05%
ALX	D	-0.05%
GMRE	F	-0.05%
HPP	F	-0.05%
UHT	D	-0.05%
CBL	B	-0.04%
LAND	F	-0.04%
CLDT	B	-0.04%
CHCT	C	-0.04%
SVC	F	-0.04%
DHC	F	-0.03%
PKST	F	-0.03%