GIAX vs. HFND ETF Comparison

Comparison of Nicholas Global Equity and Income ETF (GIAX) to Unlimited HFND Multi-Strategy Return Tracker ETF (HFND)

GIAX

Nicholas Global Equity and Income ETF

GIAX Description

The fund"s strategy includes two components: (i) holding shares of unaffiliated passively managed ETFs that seek to provide exposure to a range of global equity securities ("Index ETFs") and (ii) selling daily index credit call spreads ("Index Call Spreads") on one or more US equity indices. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$19.94

Average Daily Volume

36,379

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.74

Average Daily Volume

6,994

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GIAX	HFND
30 Days	0.85%	1.11%
60 Days	2.50%	2.41%
90 Days	1.93%	4.24%
12 Months		11.19%

1 Overlapping Holdings

	Symbol	Grade	Weight in GIAX	Weight in HFND	Overlap
	VTWO	B	17.06%	1.59%	1.59%

GIAX Overweight 15 Positions Relative to HFND

Symbol	Grade	Weight
VIG	B	16.21%
QQQ	B	8.44%
ARGT	A	4.49%
FLIN	D	3.63%
FRDM	D	3.2%
TSM	C	1.97%
UMC	F	1.56%
TSLA	B	1.53%
NVDA	A	1.33%
AMZN	B	1.3%
GOOGL	B	1.21%
META	C	1.21%
AAPL	C	1.14%
MSFT	D	1.07%
PKX	F	0.83%

GIAX Underweight 8 Positions Relative to HFND

Symbol	Grade	Weight
BKLN	A	-4.79%
ICVT	A	-4.42%
CMBS	C	-3.41%
IGHG	A	-2.51%
VFMO	B	-2.11%
PFF	C	-0.27%
VMBS	C	--0.78%
XLRE	C	--1.18%