BUSA vs. RUNN ETF Comparison

Comparison of Brandes U.S. Value ETF (BUSA) to Running Oak Efficient Growth ETF (RUNN)

BUSA

Brandes U.S. Value ETF

BUSA Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.

Grade (RS Rating)

Last Trade

$29.48

Average Daily Volume

34,067

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RUNN

Running Oak Efficient Growth ETF

RUNN Description

The fund is in an actively managed exchange-traded fund ("ETF"). Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily in exchange-traded equity securities of large and mid-sized U.S. companies with market capitalizations of at least $5 billion. The fund is roughly equally-weighted with 50-75 stocks typically held in the portfolio. The fund may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.93

Average Daily Volume

41,707

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BUSA	RUNN
30 Days	-3.81%	-1.97%
60 Days	0.59%	-2.06%
90 Days	4.28%	3.07%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in BUSA	Weight in RUNN	Overlap
	FI	D	2.76%	1.82%	1.82%

BUSA Overweight 9 Positions Relative to RUNN

Symbol	Grade	Weight
CVX	B	3.49%
WFC	B	2.99%
HAL	F	2.87%
BAC	B	2.82%
MRK	B	2.76%
CMCSA	F	2.67%
MCK	C	2.45%
CI	C	2.45%
TXT	D	2.41%

BUSA Underweight 9 Positions Relative to RUNN

Symbol	Grade	Weight
MDT	C	-1.88%
IQV	D	-1.84%
SYK	D	-1.83%
NSC	D	-1.83%
ULTA	F	-1.83%
J	B	-1.82%
TXRH	A	-1.82%
LDOS	A	-1.81%
BRO	C	-1.81%