ITAN vs. DFNV ETF Comparison

Comparison of Sparkline Intangible Value ETF (ITAN) to TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV)

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$30.26

Average Daily Volume

5,902

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$33.45

Average Daily Volume

2,436

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	DFNV
30 Days	4.37%	4.07%
60 Days	5.91%	6.70%
90 Days	6.99%	5.96%
12 Months	31.15%	34.39%

32 Overlapping Holdings

Symbol	Grade	Weight in ITAN	Weight in DFNV	Overlap
ADSK	B	0.58%	1.17%	0.58%
AMZN	C	4.66%	0.2%	0.2%
BMY	C	0.95%	1.9%	0.95%
CRM	C	1.89%	2.42%	1.89%
DASH	B	0.66%	1.29%	0.66%
DBX	C	0.38%	0.47%	0.38%
DOCU	C	0.44%	0.63%	0.44%
EA	D	0.47%	1.05%	0.47%
ETSY	D	0.28%	0.47%	0.28%
EXPE	C	0.53%	0.72%	0.53%
FFIV	B	0.45%	0.58%	0.45%
GILD	B	0.91%	1.94%	0.91%
HAS	B	0.3%	0.55%	0.3%
IBM	B	1.81%	2.34%	1.81%
JAZZ	D	0.28%	0.42%	0.28%
LYFT	D	0.29%	0.37%	0.29%
MAT	D	0.24%	0.42%	0.24%
MMM	B	0.95%	1.41%	0.95%
MTCH	C	0.25%	0.53%	0.25%
NTAP	D	0.61%	0.91%	0.61%
NTNX	D	0.41%	0.7%	0.41%
PANW	D	0.8%	1.79%	0.8%
PATH	D	0.24%	0.41%	0.24%
PSTG	F	0.42%	0.75%	0.42%
PYPL	B	0.98%	1.29%	0.98%
QCOM	D	1.77%	2.51%	1.77%
QRVO	F	0.24%	0.5%	0.24%
SWKS	F	0.29%	0.64%	0.29%
UBER	C	0.45%	2.12%	0.45%
WDAY	D	0.63%	1.18%	0.63%
ZM	C	0.42%	0.69%	0.42%
ZS	F	0.48%	0.88%	0.48%

ITAN Overweight 118 Positions Relative to DFNV

Symbol	Grade	Weight
META	B	2.94%
ORCL	B	2.72%
GOOGL	D	1.88%
GOOG	D	1.87%
CSCO	B	1.69%
ACN	C	1.57%
T	B	1.57%
PFE	D	1.44%
VZ	A	1.38%
TMUS	B	1.28%
INTC	D	1.26%
WFC	D	1.25%
MDT	B	1.22%
RTX	B	1.22%
DELL	C	1.2%
DIS	D	1.09%
HON	C	1.08%
TGT	C	1.06%
BA	F	1.03%
CVS	D	0.95%
CMCSA	C	0.95%
GM	C	0.93%
COF	B	0.93%
NOC	B	0.93%
FDX	D	0.92%
LMT	A	0.9%
F	F	0.83%
CMI	B	0.8%
SQ	D	0.78%
CTSH	B	0.75%
HPQ	C	0.74%
ALL	C	0.73%
NXPI	D	0.72%
CNC	D	0.72%
EBAY	B	0.72%
GD	C	0.72%
BDX	D	0.71%
CHTR	D	0.7%
LHX	C	0.64%
JCI	B	0.63%
WDC	C	0.61%
GLW	B	0.6%
UAL	B	0.58%
HPE	C	0.58%
ILMN	D	0.56%
TEL	D	0.55%
DAL	C	0.54%
SNAP	D	0.53%
PRU	C	0.53%
BAX	C	0.53%
J	A	0.52%
BBY	A	0.52%
HUM	F	0.51%
KR	B	0.51%
WBD	D	0.5%
IQV	D	0.5%
LDOS	A	0.5%
ZBRA	B	0.49%
CAH	C	0.49%
BAH	B	0.48%
CVNA	B	0.47%
DD	B	0.46%
BIIB	F	0.46%
VTRS	D	0.46%
JNPR	A	0.45%
ROK	D	0.43%
ROKU	D	0.43%
DGX	B	0.43%
CACI	B	0.42%
OKTA	F	0.42%
DVA	B	0.41%
ACM	B	0.4%
TRU	B	0.4%
Z	C	0.4%
TWLO	C	0.39%
JLL	B	0.39%
EXAS	D	0.39%
JBL	C	0.37%
EMN	B	0.37%
HAL	F	0.37%
W	C	0.36%
TRMB	C	0.36%
MU	D	0.36%
CIEN	B	0.36%
AKAM	D	0.36%
IP	C	0.35%
AAL	D	0.34%
TPR	A	0.32%
ACI	F	0.32%
SWK	B	0.32%
LUV	C	0.32%
U	D	0.32%
ELAN	D	0.31%
APTV	D	0.31%
WBA	F	0.31%
ALLY	F	0.3%
RUN	D	0.28%
ARW	B	0.27%
WHR	C	0.27%
PII	D	0.27%
RIVN	F	0.27%
PARA	D	0.27%
DOX	C	0.26%
TAP	D	0.26%
AGCO	D	0.25%
IVZ	B	0.25%
BIO	C	0.24%
HRB	C	0.24%
BWA	C	0.23%
DLB	D	0.23%
GAP	F	0.22%
ALK	B	0.22%
NOV	F	0.22%
FLR	D	0.2%
MASI	C	0.2%
RHI	D	0.2%
XRAY	D	0.18%
M	F	0.16%

ITAN Underweight 66 Positions Relative to DFNV

Symbol	Grade	Weight
AAPL	C	-8.55%
AVGO	C	-4.32%
ABBV	B	-3.28%
JNJ	C	-2.97%
NOW	C	-2.61%
ADBE	F	-2.5%
INTU	D	-2.32%
AMGN	D	-1.99%
ANET	C	-1.63%
PLTR	C	-1.56%
MSI	B	-1.5%
SPOT	C	-1.48%
CRWD	D	-1.47%
FTNT	B	-1.35%
APP	C	-1.31%
TTD	B	-1.18%
DDOG	D	-1.12%
SNOW	F	-1.11%
VEEV	C	-1.07%
MCHP	D	-1.01%
TEAM	D	-0.97%
RBLX	C	-0.96%
VRT	C	-0.96%
RMD	C	-0.87%
MANH	B	-0.78%
PINS	D	-0.78%
PTC	C	-0.76%
DT	C	-0.71%
UI	B	-0.67%
ENPH	D	-0.66%
DUOL	C	-0.63%
VRSN	C	-0.62%
NBIX	F	-0.57%
SOLV	D	-0.56%
JKHY	B	-0.56%
SMAR	A	-0.52%
PCTY	D	-0.5%
NYT	B	-0.46%
HALO	D	-0.46%
PEGA	B	-0.45%
CVLT	B	-0.45%
CRUS	D	-0.44%
GNRC	D	-0.42%
PI	B	-0.42%
ZETA	C	-0.42%
ALTR	C	-0.4%
TENB	F	-0.38%
BOX	C	-0.38%
QLYS	D	-0.36%
ALKS	D	-0.32%
CWAN	C	-0.31%
IGT	D	-0.3%
BL	D	-0.25%
YOU	B	-0.23%
PLTK	C	-0.23%
TDC	D	-0.22%
FLNC	C	-0.22%
ACAD	F	-0.21%
ALRM	F	-0.21%
PRGS	A	-0.2%
RNG	F	-0.2%
PTGX	C	-0.2%
YELP	D	-0.18%
VERX	D	-0.18%
CMPR	F	-0.17%
RPD	D	-0.17%