UTRN vs. DUSA ETF Comparison

Comparison of Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN) to Davis Select U.S. Equity ETF (DUSA)

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

$30.95

Average Daily Volume

640

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DUSA

Davis Select U.S. Equity ETF

DUSA Description

The investment seeks long-term capital growth and capital preservation. Under normal market conditions, the fund will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. companies. The fund's portfolio, generally, contains between 15 and 35 companies. It may invest a portion of its assets in financial services companies. The fund may also invest in mid- and small-capitalization companies, which the manager considers to be those companies with less than $10 billion in market capitalization. It may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.42

Average Daily Volume

23,536

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UTRN	DUSA
30 Days	-1.30%	3.01%
60 Days	2.41%	7.53%
90 Days	8.64%	7.62%
12 Months	37.18%	30.39%

2 Overlapping Holdings

	Symbol	Grade	Weight in UTRN	Weight in DUSA	Overlap
	DGX	A	4.15%	2.89%	2.89%
	WFC	A	3.98%	4.76%	3.98%

UTRN Overweight 23 Positions Relative to DUSA

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

UTRN Underweight 23 Positions Relative to DUSA

Symbol	Grade	Weight
COF	A	-11.29%
META	C	-10.53%
BRK.A	A	-8.45%
AMZN	B	-6.58%
VTRS	A	-4.72%
MGM	D	-4.62%
MKL	A	-4.51%
GOOG	B	-4.51%
USB	B	-4.43%
HUM	F	-3.67%
CI	D	-3.58%
AMAT	F	-3.43%
OC	A	-3.2%
BK	A	-2.58%
CVS	F	-1.9%
COP	C	-1.83%
JPM	A	-1.76%
SOLV	C	-1.59%
INTC	C	-1.43%
AXP	A	-1.17%
TXN	C	-1.05%
TSN	A	-0.89%
AGCO	D	-0.89%