CEFS vs. UTRN ETF Comparison

Comparison of Exchange Listed Funds Trust ETF (CEFS) to Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN)

CEFS

Exchange Listed Funds Trust ETF

CEFS Description

The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers"). The fund normally invests in underlying funds that primarily pursue high yield opportunities.

Grade (RS Rating)

Last Trade

$22.15

Average Daily Volume

47,063

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

UTRN

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Vesper U.S. Large Cap Short-Term Reversal Index (the 'index'). The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of a portfolio of 25 stocks selected from the S&P 500 that Vesper Capital Management, LLC believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm ("Chow's Ratio" or "Algorithm").

Grade (RS Rating)

Last Trade

$31.32

Average Daily Volume

599

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFS	UTRN
30 Days	-0.64%	1.00%
60 Days	0.77%	3.83%
90 Days	4.35%	8.96%
12 Months	29.02%	38.11%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFS	Weight in UTRN	Overlap

CEFS Overweight 105 Positions Relative to UTRN

Symbol	Grade	Weight
BIGZ	A	12.12%
ASA	D	8.22%
BCAT	A	5.82%
ADX	A	5.52%
BFZ	D	5.03%
ASGI	A	4.03%
ENX	A	3.8%
PDX	A	3.35%
NQP	C	3.12%
GDV	B	3.0%
NXJ	D	3.0%
HQL	D	2.89%
EVM	C	2.23%
BSTZ	B	2.22%
BMEZ	D	2.16%
HQH	D	2.13%
GRX	D	1.86%
AFB	D	1.8%
VTN	A	1.76%
MHI	C	1.68%
TEAF	D	1.66%
LGI	D	1.56%
EDD	D	1.35%
VPV	C	1.25%
NFJ	B	1.2%
ECF	A	1.16%
FMN	D	1.1%
KSM	F	1.09%
NTG	A	1.07%
EMO	A	1.04%
LEO	D	1.03%
AOD	D	1.02%
VGM	C	1.0%
PGZ	D	0.85%
JRI	A	0.84%
MAV	C	0.84%
NPFD	A	0.83%
NBH	D	0.76%
DMF	C	0.66%
IHD	D	0.65%
CEV	D	0.64%
GAM	B	0.58%
DSM	D	0.56%
CXE	D	0.47%
HYB	A	0.46%
VKQ	C	0.41%
BOE	B	0.39%
VCV	D	0.39%
IDE	A	0.32%
NDP	A	0.32%
DMB	D	0.3%
PCK	D	0.26%
VMO	D	0.23%
TWN	D	0.22%
PEO	A	0.22%
CPZ	C	0.22%
RA	C	0.21%
EOD	C	0.19%
GNT	C	0.18%
TTP	A	0.15%
FGB	A	0.13%
AGD	D	0.13%
MPA	D	0.11%
CMU	C	0.1%
CXH	A	0.09%
ERH	C	0.09%
MFD	C	0.08%
TYG	A	0.06%
GLO	C	0.05%
NML	A	0.05%
HEQ	C	0.03%
PNI	D	0.03%
IGA	A	0.03%
GLV	C	0.03%
MFM	D	0.02%
MUJ	D	0.02%
DIAX	A	0.02%
KYN	A	0.02%
SBI	C	0.02%
GLQ	C	0.01%
MVT	D	0.01%
GF	F	0.01%
MUC	D	0.01%
BTT	C	0.01%
MYN	D	0.01%
NAC	D	0.01%
MXE	F	0.01%
BCV	A	0.01%
PFO	D	0.01%
ETW	B	0.0%
NAN	C	0.0%
NMT	B	0.0%
MUE	C	0.0%
MIY	C	0.0%
BNY	D	0.0%
BHV	D	0.0%
NOM	C	0.0%
RMT	B	0.0%
VFL	D	0.0%
IIF	D	0.0%
NAZ	B	0.0%
BGY	D	0.0%
SWZ	D	0.0%
MHN	D	0.0%
PYN	D	0.0%

CEFS Underweight 25 Positions Relative to UTRN

Symbol	Grade	Weight
DXCM	C	-4.32%
ATO	A	-4.2%
DGX	A	-4.15%
LYV	A	-4.09%
LMT	D	-4.07%
AJG	A	-4.05%
TRV	B	-4.04%
TDY	B	-4.03%
CB	D	-4.02%
FTV	C	-4.01%
APD	A	-4.01%
ECL	D	-4.01%
KDP	D	-4.01%
VLTO	C	-4.0%
MMC	D	-4.0%
O	D	-3.98%
WFC	A	-3.98%
PAYX	B	-3.95%
PSX	C	-3.94%
CVX	A	-3.9%
LVS	B	-3.87%
AIG	D	-3.86%
PPG	F	-3.83%
KHC	F	-3.79%
DOW	F	-3.7%

CEFS: Top Represented Industries & Keywords

Industries: Asset Management Other