IPAY vs. ESGX ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to Tuttle Capital Shareholders First Index ETF (ESGX)

IPAY

ETFMG Prime Mobile Payments ETF

IPAY Description

The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, speciﬁcally focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

Grade (RS Rating)

Last Trade

$58.58

Average Daily Volume

22,985

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ESGX

Tuttle Capital Shareholders First Index ETF

ESGX Description

ESGX invests in US-listed companies determined to have high shareholder value, unencumbered by ESG restrictions, such as political stances or conforming to a greater social goal of stakeholder capitalism. Using a proprietary methodology, the fund assigns stocks with shareholder value creation and financial metric scores. The shareholder value creation score considers information on corporate donations, advocacy, activities, and policies gathered from different data sources. The financial metrics score separately calculates a securitys one-year and five-year price performance, closing price, cash, revenue, debt-to-equity ratio, average dividend yield, profit margin, and market capitalization. Companies are ranked according to the highest shareholder value creation and financial metric scores. The fund selects and weights 50 companies from the resulting sets of filtered companies. The index is rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$25.31

Average Daily Volume

103

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPAY	ESGX
30 Days	7.09%	-3.29%
60 Days	14.28%	-0.71%
90 Days	17.84%
12 Months	45.17%

1 Overlapping Holdings

	Symbol	Grade	Weight in IPAY	Weight in ESGX	Overlap
	WEX	F	3.22%	1.7%	1.7%

IPAY Overweight 26 Positions Relative to ESGX

Symbol	Grade	Weight
FI	A	6.52%
PYPL	A	6.25%
V	A	5.97%
AXP	A	5.95%
MA	A	5.77%
TOST	A	5.17%
DFS	A	5.12%
COIN	A	4.87%
CPAY	A	4.63%
AFRM	A	4.53%
SQ	A	4.47%
FIS	B	4.3%
GPN	B	4.03%
FOUR	B	2.95%
ACIW	B	2.44%
QTWO	A	2.31%
EEFT	C	1.98%
STNE	F	1.34%
WU	F	1.32%
VYX	C	0.77%
EVTC	C	0.69%
MQ	F	0.63%
PAGS	F	0.62%
GDOT	C	0.32%
DLO	C	0.32%
IMXI	B	0.29%

IPAY Underweight 48 Positions Relative to ESGX

Symbol	Grade	Weight
GTLS	A	-2.58%
WST	C	-2.51%
TYL	B	-2.4%
VTRS	A	-2.37%
SEIC	A	-2.33%
NWS	A	-2.33%
RLI	A	-2.33%
VNO	B	-2.3%
GEF	A	-2.27%
TPX	A	-2.26%
JBHT	B	-2.24%
EVRG	A	-2.21%
PNR	A	-2.19%
SLGN	B	-2.17%
VRSN	D	-2.16%
SYY	D	-2.14%
IBOC	A	-2.11%
EHC	B	-2.1%
FFIV	B	-2.08%
KIM	A	-2.07%
SYNA	C	-2.06%
PNW	A	-2.06%
TDY	B	-2.05%
DCI	B	-2.04%
DXCM	C	-2.02%
ROL	A	-2.02%
MANH	D	-1.97%
RVTY	D	-1.95%
KEYS	C	-1.92%
FRT	B	-1.91%
LKQ	D	-1.88%
HST	D	-1.88%
MAA	A	-1.85%
STE	D	-1.82%
POOL	D	-1.82%
CNP	A	-1.81%
SWKS	F	-1.81%
O	D	-1.75%
GPC	D	-1.74%
POST	D	-1.73%
MCHP	F	-1.69%
KNSL	C	-1.67%
EGP	D	-1.67%
BCO	F	-1.54%
LNTH	F	-1.52%
HII	F	-1.45%
QRVO	F	-1.19%
ENPH	F	-1.09%