ACIO vs. ACWV ETF Comparison

Comparison of Aptus Collared Income Opportunity ETF (ACIO) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$36.55

Average Daily Volume

174,614

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.11

Average Daily Volume

164,164

Number of Holdings ^*

134

* may have additional holdings in another (foreign) market

Performance

Period	ACIO	ACWV
30 Days	4.43%	5.03%
60 Days	3.26%	1.80%
90 Days	5.70%	3.64%
12 Months	21.34%	9.93%

27 Overlapping Holdings

Symbol	Grade	Weight in ACIO	Weight in ACWV	Overlap
ABBV	D	0.7%	0.5%	0.5%
ABT	F	0.82%	0.1%	0.1%
ACN	F	1.11%	0.23%	0.23%
AMGN	B	0.42%	0.55%	0.42%
BRK.A	C	1.73%	0.85%	0.85%
CSCO	D	0.44%	1.39%	0.44%
DUK	A	0.66%	0.79%	0.66%
JNJ	D	0.92%	1.13%	0.92%
LLY	B	1.42%	0.54%	0.54%
LMT	B	1.58%	0.21%	0.21%
MCD	D	1.02%	0.99%	0.99%
MCK	B	1.01%	1.25%	1.01%
MDLZ	C	0.81%	0.28%	0.28%
MMC	B	0.92%	0.89%	0.89%
MRK	B	0.79%	1.63%	0.79%
MSFT	B	6.99%	0.6%	0.6%
PEP	B	1.39%	1.27%	1.27%
PFE	D	0.37%	0.14%	0.14%
PG	B	1.35%	0.87%	0.87%
PGR	C	1.65%	0.68%	0.68%
SO	B	1.01%	0.78%	0.78%
TJX	B	0.8%	0.32%	0.32%
TMUS	C	0.95%	1.24%	0.95%
UNH	C	1.19%	0.77%	0.77%
V	C	1.89%	0.57%	0.57%
VRTX	B	0.46%	1.16%	0.46%
WMT	D	1.03%	1.47%	1.03%

ACIO Overweight 51 Positions Relative to ACWV

Symbol	Grade	Weight
AAPL	B	6.08%
NVDA	B	5.14%
GOOG	B	4.27%
AMZN	C	3.97%
META	D	2.38%
XOM	B	2.02%
JPM	A	1.78%
SYK	D	1.77%
CAT	C	1.75%
AMAT	A	1.7%
NOW	C	1.63%
INTU	C	1.6%
AVGO	A	1.59%
LIN	D	1.4%
TMO	B	1.31%
LOW	D	1.2%
TSLA	D	1.12%
CSX	D	1.11%
BLK	C	1.06%
MAR	D	1.06%
COST	A	0.96%
BAC	B	0.95%
MS	A	0.94%
FANG	C	0.94%
ADI	A	0.92%
HON	B	0.91%
PLD	F	0.91%
FDX	D	0.87%
CTAS	B	0.86%
PHM	A	0.83%
DVN	D	0.82%
NEE	A	0.74%
CHE	F	0.73%
AMD	D	0.7%
ICE	B	0.68%
NFLX	C	0.68%
DE	C	0.66%
ETN	A	0.63%
DLR	C	0.62%
C	A	0.62%
TYL	B	0.54%
MO	A	0.54%
ADBE	F	0.51%
DIS	D	0.49%
FCX	B	0.47%
PSA	C	0.45%
SHW	D	0.41%
CMCSA	F	0.39%
SLB	F	0.3%
ADP	C	0.29%
NKE	F	0.26%

ACIO Underweight 107 Positions Relative to ACWV

Symbol	Grade	Weight
WM	D	-1.53%
MSI	A	-1.5%
ROP	D	-1.37%
RSG	D	-1.21%
ED	B	-0.97%
NVS	B	-0.92%
COR	D	-0.89%
KR	D	-0.82%
HSY	C	-0.8%
REGN	B	-0.8%
VZ	C	-0.79%
AZO	D	-0.75%
GIS	C	-0.72%
GILD	F	-0.69%
WEC	C	-0.68%
IBM	D	-0.63%
KEYS	C	-0.63%
XEL	D	-0.62%
EA	F	-0.53%
ORLY	D	-0.53%
APH	A	-0.52%
EXPD	D	-0.5%
K	B	-0.49%
BMY	F	-0.48%
CHD	B	-0.48%
GIB	F	-0.47%
MKL	B	-0.45%
L	C	-0.43%
CHT	C	-0.43%
HD	D	-0.42%
HUM	D	-0.42%
CB	B	-0.41%
CHKP	D	-0.4%
NBIX	B	-0.4%
KDP	B	-0.39%
BAH	C	-0.39%
KHC	D	-0.39%
WCN	D	-0.38%
ORCL	C	-0.38%
CL	B	-0.38%
FI	C	-0.37%
SJM	F	-0.36%
DPZ	B	-0.36%
AEP	B	-0.34%
KMB	C	-0.33%
HRL	C	-0.32%
VRSN	F	-0.32%
JNPR	D	-0.32%
GEN	A	-0.32%
AKAM	F	-0.31%
INCY	D	-0.31%
NOC	C	-0.3%
FFIV	D	-0.3%
AJG	B	-0.3%
AON	F	-0.29%
ERIE	D	-0.29%
BDX	F	-0.28%
CHRW	C	-0.28%
BRO	A	-0.26%
UTHR	B	-0.26%
YUM	C	-0.26%
CPB	C	-0.26%
TRV	D	-0.25%
BMRN	F	-0.24%
CME	D	-0.24%
CF	F	-0.24%
PTC	C	-0.21%
ROL	B	-0.21%
T	B	-0.21%
MFG	B	-0.2%
WRB	D	-0.2%
JKHY	D	-0.2%
CTSH	F	-0.19%
MA	D	-0.18%
MPC	D	-0.18%
ULTA	F	-0.18%
CMS	B	-0.16%
DGX	B	-0.15%
CI	D	-0.15%
MKC	C	-0.15%
LNG	F	-0.13%
GDDY	A	-0.13%
MNST	F	-0.13%
ACGL	B	-0.13%
NEM	B	-0.12%
CTVA	C	-0.12%
BVN	B	-0.11%
EG	D	-0.11%
AIZ	D	-0.11%
PCG	A	-0.1%
TDY	D	-0.1%
AZPN	B	-0.1%
WIT	D	-0.1%
ELV	B	-0.1%
AEE	C	-0.09%
WIT	D	-0.08%
ODFL	F	-0.08%
FICO	B	-0.08%
CLX	F	-0.07%
HSIC	C	-0.07%
ZTO	C	-0.06%
ACI	D	-0.06%
EVRG	C	-0.06%
GPC	C	-0.06%
HOLX	D	-0.05%
KO	B	-0.05%
CAG	C	-0.05%