AADR vs. EHLS ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to Even Herd Long Short ETF (EHLS)

AADR

WCM BNY Mellon Focused Growth ADR ETF

AADR Description

The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.

Grade (RS Rating)

Last Trade

$64.14

Average Daily Volume

495

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EHLS

Even Herd Long Short ETF

EHLS Description

EHLS seeks long-term capital appreciation through a momentum-focused strategy that takes both long and short positions in US equity securities. In selecting securities, the fund employs a proprietary algorithm that emphasizes a dynamic, trend-focused analysis, instead of a strictly bottom-up valuation analysis, driven by price movements and other data points based on market trends and stock momentum. The sub-adviser may adjust its proprietary system that is continuously optimized and refined. The fund strategy involves taking long positions in equity securities exhibiting strong upward momentum and short positions in those showing downward momentum. The actively managed fund targets a net equity exposure from 40% to 90% net long, subject to adjustments based on market conditions. The fund aims to maintain 100% long and 10-60% short exposure. Short sales may include entering into swap agreements or the use of leverage.

Grade (RS Rating)

Last Trade

$21.18

Average Daily Volume

4,594

Number of Holdings ^*

236

* may have additional holdings in another (foreign) market

Performance

Period	AADR	EHLS
30 Days	0.93%	1.49%
60 Days	2.32%	2.80%
90 Days	12.08%	11.41%
12 Months	33.06%

5 Overlapping Holdings

Symbol	Grade	Weight in AADR	Weight in EHLS	Overlap
BMA	B	4.49%	2.0%	2.0%
PAM	B	3.74%	0.89%	0.89%
SE	B	2.56%	1.33%	1.33%
TEVA	A	2.35%	0.51%	0.51%
YPF	A	5.18%	0.25%	0.25%

AADR Overweight 21 Positions Relative to EHLS

Symbol	Grade	Weight
GGAL	B	5.21%
NVO	F	5.14%
ERJ	C	4.0%
ABBV	A	3.73%
QFIN	B	3.42%
HMY	B	3.32%
SAP	B	3.25%
MUFG	A	3.24%
MELI	A	3.07%
RELX	C	2.98%
VRNA	A	2.9%
BBVA	B	2.76%
ERIC	A	2.74%
BCS	B	2.73%
TSM	B	2.5%
CHKP	F	2.45%
ING	C	2.27%
SMFG	B	2.24%
NVS	D	2.22%
NMR	D	1.97%
LOGI	D	1.97%

AADR Underweight 231 Positions Relative to EHLS

Symbol	Grade	Weight
CSWI	B	-2.02%
GRBK	D	-1.87%
NVDA	B	-1.79%
IRM	B	-1.78%
GDS	B	-1.77%
HWM	B	-1.75%
SLG	B	-1.71%
QTWO	A	-1.64%
MSI	B	-1.58%
LMB	B	-1.58%
FICO	B	-1.56%
VST	B	-1.52%
CTAS	B	-1.52%
PIPR	B	-1.51%
HWKN	D	-1.51%
META	B	-1.41%
THC	C	-1.4%
USLM	A	-1.33%
CW	B	-1.29%
CLBT	A	-1.28%
GVA	A	-1.28%
SPOT	A	-1.28%
SLVM	B	-1.27%
CBRE	A	-1.27%
BRO	B	-1.26%
IIPR	C	-1.22%
CEG	B	-1.22%
CRS	B	-1.2%
CASH	A	-1.12%
CVNA	A	-1.11%
SFM	A	-1.11%
ADMA	B	-1.1%
IGIC	A	-1.08%
CNX	B	-1.05%
NPAB	D	-1.05%
TPL	A	-1.05%
TPB	A	-1.05%
WELL	A	-1.03%
TIGO	C	-1.03%
CLH	C	-1.02%
SKT	B	-1.0%
AFL	D	-1.0%
RSI	A	-1.0%
FTDR	B	-1.0%
GLNG	B	-0.99%
NRG	B	-0.99%
PLTR	B	-0.99%
ANET	B	-0.98%
COKE	D	-0.98%
RDNT	D	-0.97%
YOU	A	-0.96%
PNTG	D	-0.96%
COOP	D	-0.94%
REAX	C	-0.92%
ANET	B	-0.9%
DASH	A	-0.81%
RNA	C	-0.8%
PSN	A	-0.79%
ISRG	B	-0.78%
OHI	B	-0.78%
BK	B	-0.78%
HIG	D	-0.77%
TKO	D	-0.77%
NMIH	D	-0.76%
PEG	B	-0.76%
EPRT	C	-0.74%
KKR	B	-0.74%
ZETA	C	-0.73%
MOD	C	-0.73%
FTI	B	-0.72%
CDNA	D	-0.71%
PATK	F	-0.69%
IESC	A	-0.68%
BBSI	D	-0.68%
AXS	C	-0.63%
WAB	B	-0.6%
ARES	B	-0.6%
AMAL	B	-0.57%
USAP	A	-0.53%
WMT	A	-0.52%
HOOD	B	-0.52%
JXN	B	-0.5%
SMG	A	-0.5%
MMYT	A	-0.5%
HRB	D	-0.5%
PGR	D	-0.49%
ALSN	A	-0.49%
MUSA	C	-0.49%
HUBB	B	-0.49%
TYL	A	-0.49%
AXP	A	-0.48%
AIT	A	-0.48%
JD	A	-0.44%
ESEA	D	-0.42%
BEKE	A	-0.42%
HLNE	A	-0.41%
ALHC	A	-0.4%
OSCR	C	-0.39%
GATO	B	-0.29%
PPTA	B	-0.27%
FRHC	B	-0.27%
BBW	A	-0.26%
PKG	A	-0.26%
VIST	B	-0.25%
MLR	A	-0.25%
EBAY	D	-0.24%
KTB	A	-0.24%
UFPT	D	-0.23%
ONON	D	-0.23%
NSIT	F	-0.23%
CSTM	F	--0.17%
ELF	F	--0.19%
DVAX	A	--0.2%
FLNG	F	--0.2%
AES	F	--0.22%
VAL	F	--0.22%
ADNT	F	--0.23%
NUE	F	--0.23%
VSAT	F	--0.23%
DOOO	F	--0.24%
FIVN	C	--0.24%
CC	F	--0.24%
NEP	F	--0.24%
ROG	D	--0.24%
VC	F	--0.24%
FIVE	C	--0.24%
PD	C	--0.24%
DG	F	--0.24%
ALV	F	--0.25%
NTST	F	--0.25%
PENN	B	--0.25%
MTDR	D	--0.25%
LEA	F	--0.25%
HTH	D	--0.25%
ELV	F	--0.25%
SCL	F	--0.25%
ETSY	D	--0.25%
ENPH	F	--0.25%
IGT	F	--0.25%
DKNG	F	--0.25%
SNAP	B	--0.25%
CENTA	D	--0.26%
VTLE	F	--0.26%
W	F	--0.26%
CAR	C	--0.26%
F	D	--0.26%
GO	F	--0.26%
APLS	F	--0.26%
NEO	D	--0.27%
MRTN	F	--0.27%
MRK	F	--0.27%
DXCM	C	--0.27%
ZD	F	--0.27%
BG	F	--0.27%
ENTG	D	--0.27%
APA	F	--0.27%
SON	F	--0.28%
RLJ	F	--0.28%
URBN	F	--0.28%
ADM	F	--0.28%
HSY	F	--0.28%
CARS	D	--0.28%
AIN	F	--0.28%
YELP	F	--0.28%
AMN	F	--0.28%
CENT	D	--0.28%
STZ	F	--0.28%
REXR	F	--0.28%
MGM	D	--0.29%
VNT	B	--0.29%
SIGI	C	--0.29%
FMX	F	--0.29%
CRL	F	--0.29%
IPG	F	--0.29%
CNI	F	--0.29%
OKTA	D	--0.29%
RPD	C	--0.29%
SNOW	C	--0.29%
MCHP	F	--0.29%
DDS	C	--0.3%
HXL	F	--0.3%
KMX	F	--0.3%
NSP	F	--0.3%
ON	D	--0.3%
IAC	F	--0.3%
QLYS	F	--0.3%
EVTC	D	--0.3%
ALLY	F	--0.3%
SLB	F	--0.3%
MUR	F	--0.3%
DVN	F	--0.3%
CIVI	F	--0.3%
NARI	A	--0.31%
HELE	C	--0.31%
IRTC	C	--0.31%
ODP	C	--0.31%
ARE	F	--0.31%
SJW	F	--0.31%
AMR	F	--0.31%
DIS	C	--0.31%
CVX	A	--0.31%
NXST	A	--0.31%
MTRN	D	--0.31%
OXM	F	--0.32%
FIZZ	B	--0.32%
PZZA	A	--0.32%
BHF	B	--0.33%
TENB	D	--0.34%
RYI	C	--0.35%
PINS	C	--0.36%
GTLS	B	--0.37%
DIOD	F	--0.37%
UPS	C	--0.38%
PGNY	F	--0.38%
EPAM	F	--0.39%
ALGT	B	--0.39%
JBT	A	--0.44%
PRGO	D	--0.44%
WRLD	D	--0.45%
CSGP	F	--0.49%
PARR	F	--0.49%
WST	B	--0.49%
CVI	F	--0.5%
OMI	F	--0.51%
USPH	F	--0.51%
IMCR	F	--0.53%
COHU	B	--0.54%
ALRM	F	--0.58%
SPT	F	--0.58%
LW	B	--0.59%
PLAY	C	--0.63%