BOAT vs. VIDI ETF Comparison

Comparison of SonicShares Global Shipping ETF (BOAT) to Vident International Equity Fund (VIDI)

BOAT

SonicShares Global Shipping ETF

BOAT Description

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.08

Average Daily Volume

17,998

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VIDI

Vident International Equity Fund

VIDI Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident International Equity IndexTM (the "index"). The index is a rules-based, systematic strategy index comprised of equity securities of issuers in developed and emerging markets outside of the United States. Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$24.87

Average Daily Volume

44,709

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOAT	VIDI
30 Days	7.01%	-0.36%
60 Days	3.22%	1.88%
90 Days	1.72%	4.02%
12 Months	22.56%	12.49%

1 Overlapping Holdings

	Symbol	Grade	Weight in BOAT	Weight in VIDI	Overlap
	ZIM	B	1.26%	0.39%	0.39%

BOAT Overweight 20 Positions Relative to VIDI

Symbol	Grade	Weight
STNG	A	4.72%
INSW	A	4.28%
MATX	C	4.13%
SBLK	A	3.0%
GOGL	A	2.86%
DHT	A	1.92%
SFL	A	1.83%
TNK	A	1.73%
LPG	A	1.71%
DAC	A	1.5%
FLNG	B	1.46%
CMRE	A	1.37%
NVGS	B	1.16%
ECO	A	1.03%
GNK	A	0.92%
NAT	C	0.84%
GSL	A	0.79%
ASC	A	0.69%
SB	A	0.57%
DSX	C	0.33%

BOAT Underweight 13 Positions Relative to VIDI

Symbol	Grade	Weight
STLA	C	-0.57%
ALV	B	-0.55%
AKO.A	A	-0.54%
JHG	B	-0.52%
CB	D	-0.51%
SKM	D	-0.49%
HAFN	B	-0.48%
KT	D	-0.47%
PAGS	C	-0.44%
NVS	B	-0.44%
UMC	C	-0.43%
BG	B	-0.24%
INMD	F	-0.19%

BOAT: Top Represented Industries & Keywords

Industries: Shipping & Ports Marine Shipping Integrated Shipping & Logistics Oil & Gas Midstream