FFLS vs. PPA ETF Comparison

Comparison of The Future Fund Long/Short ETF (FFLS) to PowerShares Aerospace & Defense (PPA)
FFLS

The Future Fund Long/Short ETF

FFLS Description

Under normal conditions, the fund, which is an actively managed exchange traded fund or "ETF", will invest at least 80% of its assets in long and short positions in U.S. exchange-listed equity securities and American Depositary Receipts (ADRs). The fund may invest in the equity securities of companies of any market capitalization although the fund will primarily invest (at least 65% of its assets) in mid and large capitalization companies (companies with market capitalizations in excess of $2 billion). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.89

Average Daily Volume

4,625

Number of Holdings *

49

* may have additional holdings in another (foreign) market
PPA

PowerShares Aerospace & Defense

PPA Description The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADE™ Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$121.04

Average Daily Volume

186,719

Number of Holdings *

48

* may have additional holdings in another (foreign) market
Performance
Period FFLS PPA
30 Days 3.25% 3.31%
60 Days 6.04% 5.63%
90 Days 4.48% 8.65%
12 Months 20.30% 39.76%
2 Overlapping Holdings
Symbol Grade Weight in FFLS Weight in PPA Overlap
APH A -1.71% 1.91% -1.71%
KTOS B 1.04% 0.56% 0.56%
FFLS Overweight 47 Positions Relative to PPA
Symbol Grade Weight
NVDA C 7.31%
GOOGL C 6.34%
CRM B 4.74%
NFLX A 4.64%
LPLA A 4.05%
DASH A 3.88%
MU D 3.43%
FTI A 3.32%
ERJ B 3.29%
UBER D 3.26%
GTLB B 3.21%
LLY F 3.14%
PANW C 2.98%
ABNB C 2.88%
DDOG A 2.84%
EW C 2.79%
AMD F 2.41%
GLW B 2.41%
GTLS B 2.24%
FND C 2.13%
DKNG B 2.08%
VRTX F 1.95%
YETI C 1.85%
GPRE F 1.8%
BABA D 1.68%
JD D 1.53%
HALO F 1.15%
ONON A 1.06%
CELH F 0.96%
GLOB B 0.88%
AFRM B -0.72%
ACHC F -1.07%
CRL C -1.08%
RH B -1.38%
ISRG A -1.58%
MEDP D -1.78%
ROL B -1.83%
ON D -2.01%
VRT B -2.13%
HRB D -2.37%
NXPI D -2.54%
FAST B -2.83%
PWR A -2.84%
PVH C -2.91%
URI B -3.13%
FICO B -3.28%
COIN C -3.76%
FFLS Underweight 46 Positions Relative to PPA
Symbol Grade Weight
RTX C -7.09%
GE D -6.71%
LMT D -6.64%
BA F -6.23%
NOC D -5.36%
GD F -4.93%
HON B -4.88%
HWM A -4.44%
AXON A -4.43%
PH A -4.28%
LHX C -4.07%
TDG D -3.35%
ETN A -3.16%
PLTR B -2.72%
LDOS C -2.05%
BAH F -1.92%
HEI B -1.83%
TXT D -1.74%
CW B -1.37%
BWXT B -1.36%
CACI D -1.26%
HII D -1.07%
WWD B -0.92%
TDY B -0.91%
KBR F -0.88%
AVAV D -0.84%
ATI D -0.81%
SAIC F -0.71%
HXL D -0.66%
MOG.A B -0.66%
KEYS A -0.62%
PSN D -0.61%
RKLB B -0.56%
SPR D -0.51%
AIR B -0.35%
MRCY B -0.35%
OSK B -0.29%
OSIS B -0.27%
TGI B -0.2%
B B -0.19%
IRDM D -0.17%
CDRE D -0.16%
TTMI B -0.16%
DCO C -0.14%
AI B -0.13%
VSAT F -0.1%
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