FCUS vs. XBI ETF Comparison

Comparison of Pinnacle Focused Opportunities ETF (FCUS) to SPDR S&P Biotech ETF (XBI)

FCUS

Pinnacle Focused Opportunities ETF

FCUS Description

The investment seeks long term capital appreciation. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective primarily by investing in a focused portfolio of U.S. equity securities. The fund's manager manages its portfolio based on its proprietary model. The fund’s portfolio excludes certain equity securities, such as limited partnerships, closed-end investment companies, and warrants. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.42

Average Daily Volume

4,499

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XBI

SPDR S&P Biotech ETF

XBI Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the biotechnology segment of a U.S. total market composite index. In seeking to track the performance of the S&P Biotechnology Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the biotechnology industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.92

Average Daily Volume

8,304,273

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

Performance

Period	FCUS	XBI
30 Days	13.15%	-4.43%
60 Days	18.22%	-7.55%
90 Days	18.79%	-7.46%
12 Months	54.84%	29.21%

4 Overlapping Holdings

Symbol	Grade	Weight in FCUS	Weight in XBI	Overlap
ALNY	D	3.78%	2.38%	2.38%
INSM	C	4.02%	2.43%	2.43%
PCVX	D	2.19%	0.9%	0.9%
UTHR	C	2.41%	2.88%	2.41%

FCUS Overweight 24 Positions Relative to XBI

Symbol	Grade	Weight
APP	B	6.61%
PLTR	B	5.21%
TPL	A	4.38%
SFM	A	4.17%
CVNA	B	3.98%
GWRE	A	3.92%
FICO	B	3.35%
TRGP	A	3.33%
CRS	B	3.25%
MTZ	B	3.19%
ALSN	B	3.16%
NCLH	B	3.14%
UAL	A	3.11%
PSN	D	2.96%
ETR	B	2.94%
IRM	C	2.82%
HOOD	B	2.8%
MLI	B	2.55%
HWM	A	2.5%
JEF	A	2.45%
CCL	A	2.41%
LDOS	C	2.38%
GRMN	B	2.36%
CBRE	B	2.29%

FCUS Underweight 124 Positions Relative to XBI

Symbol	Grade	Weight
NTRA	A	-3.3%
INCY	C	-3.29%
GILD	C	-2.9%
NBIX	C	-2.62%
VRTX	D	-2.62%
ABBV	F	-2.33%
AMGN	F	-2.28%
SRPT	F	-2.28%
BIIB	F	-2.19%
MDGL	B	-2.17%
EXAS	D	-2.05%
VKTX	F	-2.0%
BMRN	F	-1.98%
REGN	F	-1.8%
CYTK	F	-1.79%
BPMC	B	-1.69%
CRSP	D	-1.63%
TGTX	B	-1.62%
MRNA	F	-1.57%
RVMD	C	-1.46%
RNA	C	-1.32%
KRYS	C	-1.29%
HALO	F	-1.27%
EXEL	B	-1.23%
ADMA	B	-1.23%
ROIV	C	-1.18%
ALKS	C	-1.13%
IONS	F	-1.08%
TWST	F	-0.93%
IOVA	F	-0.88%
BBIO	F	-0.87%
APLS	F	-0.86%
GERN	D	-0.86%
CRNX	C	-0.84%
ACLX	C	-0.79%
DYN	F	-0.78%
ACAD	C	-0.78%
SWTX	C	-0.77%
AGIO	C	-0.76%
BEAM	D	-0.72%
RARE	F	-0.69%
RXRX	F	-0.66%
PTCT	B	-0.64%
FOLD	F	-0.63%
IMVT	F	-0.62%
RYTM	C	-0.61%
NUVL	C	-0.6%
NTLA	F	-0.58%
PTGX	D	-0.58%
VERA	C	-0.57%
MIRM	B	-0.57%
ARWR	D	-0.54%
IDYA	F	-0.53%
VCYT	B	-0.53%
JANX	C	-0.51%
SRRK	C	-0.49%
DVAX	C	-0.49%
NVAX	F	-0.47%
ARDX	F	-0.47%
VCEL	A	-0.46%
DNLI	D	-0.46%
KYMR	D	-0.45%
SNDX	F	-0.44%
AKRO	B	-0.43%
CGON	F	-0.42%
ARQT	B	-0.42%
BCRX	D	-0.42%
CPRX	C	-0.41%
KROS	D	-0.36%
IRON	B	-0.34%
MNKD	C	-0.34%
CLDX	F	-0.34%
NRIX	C	-0.33%
SMMT	D	-0.33%
VRDN	D	-0.3%
RCKT	F	-0.28%
DAWN	D	-0.28%
MYGN	F	-0.27%
IRWD	F	-0.26%
TVTX	B	-0.26%
CGEM	F	-0.25%
CDNA	D	-0.24%
KURA	F	-0.24%
XNCR	B	-0.24%
APLT	C	-0.22%
CDMO	A	-0.22%
RCUS	F	-0.2%
VIR	D	-0.2%
EBS	C	-0.2%
REPL	D	-0.18%
HUMA	F	-0.18%
ALT	C	-0.18%
SPRY	C	-0.18%
AVXL	B	-0.17%
ARCT	F	-0.17%
ANNX	F	-0.16%
STOK	F	-0.16%
ETNB	C	-0.16%
MDXG	B	-0.16%
COGT	D	-0.16%
VERV	F	-0.15%
RLAY	F	-0.14%
OLMA	F	-0.13%
IMNM	F	-0.13%
PRTA	F	-0.13%
OCGN	F	-0.12%
ANAB	F	-0.12%
FDMT	F	-0.12%
SANA	F	-0.12%
RGNX	D	-0.12%
ALLO	F	-0.11%
CELC	F	-0.11%
SAGE	F	-0.11%
CCCC	F	-0.1%
ERAS	C	-0.1%
ORIC	F	-0.09%
FATE	F	-0.08%
SVRA	F	-0.08%
ABUS	D	-0.07%
KALV	F	-0.07%
SCLX	F	-0.06%
YMAB	F	-0.06%
ITOS	F	-0.06%
ALEC	F	-0.04%