FEPI vs. LRNZ ETF Comparison

Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to TrueMark Technology, AI & Deep Learning ETF (LRNZ)

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$51.96

Average Daily Volume

126,441

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LRNZ

TrueMark Technology, AI & Deep Learning ETF

LRNZ Description

LRNZ seeks to provide total return by investing in an actively managed, concentrated portfolio of companies that are signiﬁcantly involved in the application of high levels of artificial intelligence. Intends to serve as a more focused alpha seeking solution to complement traditional technology-based indices Targets companies with leading-edge artificial intelligence, machine learning, or deep learning technology platforms, algorithms, or applications that we believe may provide distinct competitive advantages in an industry historically characterized by a winner-take-all consolidation behavior. Portfolio construction begins with a multi-cap investment universe comprised of secular growth companies, cyclical growth companies, and newly public companies. Actively managed by highly credentialed artificial intelligence specialist with deep field experience and robust Silicon Valley network.

Grade (RS Rating)

Last Trade

$41.83

Average Daily Volume

3,799

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEPI	LRNZ
30 Days	1.93%	7.44%
60 Days	5.57%	10.08%
90 Days	6.98%	9.13%
12 Months	21.54%	29.97%

3 Overlapping Holdings

Symbol	Grade	Weight in FEPI	Weight in LRNZ	Overlap
AMD	F	6.48%	5.23%	5.23%
AMZN	C	6.64%	5.13%	5.13%
NVDA	B	6.56%	11.48%	6.56%

FEPI Overweight 12 Positions Relative to LRNZ

Symbol	Grade	Weight
NFLX	A	6.92%
INTC	C	6.88%
AAPL	C	6.87%
QCOM	F	6.76%
MSFT	D	6.72%
TSLA	B	6.64%
ADBE	C	6.55%
CRM	B	6.51%
GOOGL	C	6.51%
META	D	6.49%
AVGO	D	6.46%
MU	D	6.39%

FEPI Underweight 16 Positions Relative to LRNZ

Symbol	Grade	Weight
CRWD	B	-9.14%
IOT	A	-9.02%
NET	B	-6.41%
ESTC	C	-5.12%
S	B	-4.91%
SNOW	B	-4.8%
DDOG	A	-4.75%
MDB	B	-4.7%
ZS	B	-4.02%
LLY	F	-3.72%
NVO	F	-3.56%
NOW	A	-3.55%
SDGR	C	-1.98%
OKTA	C	-1.87%
ABCL	D	-0.97%
RLAY	F	-0.8%