RULE vs. BWTG ETF Comparison

Comparison of Adaptive Core ETF (RULE) to Brendan Wood TopGun Index ETF (BWTG)

RULE

Adaptive Core ETF

RULE Description

Adaptive Core ETF seeks current income. The fund invests in individual equity securities without regard to market capitalization and ETFs that invest in equity securities of any market capitalization including convertible equity securities and fixed income ETFs. The fund’s portfolio may hold securities from issuers of any market capitalization, credit quality, maturity, or country. Fixed income securities may include securities with credit quality below investment grade (commonly referred to as “junk bond” credit quality).

Grade (RS Rating)

Last Trade

$21.68

Average Daily Volume

7,051

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BWTG

Brendan Wood TopGun Index ETF

BWTG Description

The fund seeks to achieve its investment objective by investing, under normal market circumstances, a substantial portion of its assets in publicly listed equity securities included in a model portfolio provided by the fund"s investment sub-adviser. Construction of the model begins with the identification of approximately 1,400 companies composing the Brendan Wood "Shareholder Conviction Universe", which are generally stocks of liquid large and mid-capitalization companies that trade on a national exchange in the United States, including ADRs. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.71

Average Daily Volume

1,911

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RULE	BWTG
30 Days	3.60%	5.74%
60 Days	-1.34%	0.71%
90 Days	-1.08%	2.10%
12 Months	13.73%

2 Overlapping Holdings

	Symbol	Grade	Weight in RULE	Weight in BWTG	Overlap
	NVDA	A	1.8%	6.64%	1.8%
	PGR	D	2.62%	4.8%	2.62%

RULE Overweight 33 Positions Relative to BWTG

Symbol	Grade	Weight
BIL	B	4.29%
JPST	B	4.27%
APH	B	3.74%
VST	A	3.46%
MCHP	A	3.31%
K	C	3.23%
FCX	B	3.2%
ETN	B	3.17%
PWR	B	2.99%
ACGL	A	2.92%
CMI	D	2.9%
COF	D	2.86%
GOOGL	A	2.85%
BSX	A	2.84%
TSCO	A	2.83%
WAB	A	2.82%
HEI	B	2.8%
SPHQ	A	2.79%
GE	A	2.78%
XLG	A	2.72%
CMG	B	2.72%
FITB	C	2.71%
INTU	C	2.66%
VRT	B	2.63%
IWF	A	2.59%
ANET	C	2.58%
BRO	B	2.56%
IR	B	2.53%
TMO	C	2.52%
MSI	B	2.51%
BALL	C	2.48%
PINS	B	2.27%
ARES	B	2.05%

RULE Underweight 8 Positions Relative to BWTG

Symbol	Grade	Weight
TDG	B	-4.59%
ASML	B	-4.41%
CRWD	B	-4.4%
GOOG	A	-4.37%
AMZN	C	-4.3%
JPM	B	-4.14%
COST	A	-4.11%
WCN	D	-4.03%