ITAN vs. FDLO ETF Comparison

Comparison of Sparkline Intangible Value ETF (ITAN) to Fidelity Low Volatility Factor ETF (FDLO)

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

$32.05

Average Daily Volume

1,878

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	FDLO
30 Days	5.34%	0.81%
60 Days	7.33%	1.49%
90 Days	9.71%	4.05%
12 Months	31.35%	21.68%

21 Overlapping Holdings

Symbol	Grade	Weight in ITAN	Weight in FDLO	Overlap
ACN	C	1.6%	1.6%	1.6%
AKAM	D	0.32%	1.03%	0.32%
AMZN	C	4.86%	3.92%	3.92%
BAH	F	0.47%	0.43%	0.43%
BDX	F	0.7%	0.6%	0.6%
CMCSA	B	1.06%	0.95%	0.95%
CSCO	B	1.78%	1.77%	1.77%
DOX	D	0.24%	1.08%	0.24%
EA	A	0.53%	0.72%	0.53%
GD	F	0.7%	0.49%	0.49%
GOOGL	C	2.09%	4.12%	2.09%
HON	B	1.21%	0.7%	0.7%
IBM	C	1.69%	1.54%	1.54%
J	F	0.45%	0.39%	0.39%
LHX	C	0.74%	0.49%	0.49%
LMT	D	0.39%	0.58%	0.39%
NOC	D	0.91%	0.5%	0.5%
ORCL	B	2.31%	2.01%	2.01%
T	A	1.55%	0.99%	0.99%
TMUS	B	1.42%	0.97%	0.97%
VZ	C	1.3%	0.93%	0.93%

ITAN Overweight 130 Positions Relative to FDLO

Symbol	Grade	Weight
META	D	2.87%
CRM	B	2.14%
GOOG	C	2.09%
QCOM	F	1.55%
WFC	A	1.51%
PFE	D	1.28%
INTC	D	1.26%
RTX	C	1.23%
MDT	D	1.18%
DELL	C	1.11%
DIS	B	1.1%
PYPL	B	1.1%
COF	B	1.09%
TGT	F	1.03%
BMY	B	1.03%
GM	B	1.0%
BA	F	0.96%
GILD	C	0.92%
CVS	D	0.9%
MMM	D	0.89%
PANW	C	0.89%
SQ	B	0.87%
FDX	B	0.85%
CMI	A	0.84%
F	C	0.82%
CTSH	B	0.8%
HPQ	B	0.72%
CHTR	C	0.72%
ALL	A	0.72%
DASH	A	0.71%
WDAY	B	0.7%
UAL	A	0.7%
JCI	C	0.69%
EBAY	D	0.66%
NXPI	D	0.66%
ADSK	A	0.64%
HPE	B	0.63%
DAL	C	0.6%
NTAP	C	0.6%
GLW	B	0.59%
EXPE	B	0.58%
CVNA	B	0.56%
LDOS	C	0.55%
CNC	D	0.54%
ZM	B	0.54%
ILMN	D	0.54%
WBD	C	0.53%
DOCU	A	0.53%
CAH	B	0.53%
PRU	A	0.53%
WDC	D	0.53%
HUM	C	0.53%
SNAP	C	0.51%
KR	B	0.51%
ZS	C	0.51%
TWLO	A	0.49%
NTNX	A	0.49%
VTRS	A	0.49%
FFIV	B	0.46%
BBY	D	0.46%
IQV	D	0.46%
ZBRA	B	0.46%
ROK	B	0.45%
LH	C	0.45%
OKTA	C	0.44%
BAX	D	0.44%
DD	D	0.44%
DGX	A	0.43%
TRMB	B	0.43%
BIIB	F	0.42%
JNPR	F	0.42%
ACM	A	0.42%
CIEN	B	0.41%
CACI	D	0.41%
PSTG	D	0.39%
ROKU	D	0.39%
AAL	B	0.38%
LUMN	C	0.37%
JLL	D	0.37%
LYFT	C	0.37%
DBX	B	0.37%
JBL	B	0.37%
DVA	B	0.36%
IP	B	0.34%
EMN	D	0.34%
TRU	D	0.34%
TPR	B	0.34%
NWSA	B	0.33%
JAZZ	B	0.32%
SWKS	F	0.32%
ALLY	C	0.32%
TAP	C	0.31%
ELAN	D	0.3%
ACI	C	0.3%
TXT	D	0.3%
SWK	D	0.29%
ETSY	D	0.29%
WBA	F	0.29%
ANF	C	0.28%
G	B	0.28%
PARA	C	0.28%
RIVN	F	0.27%
BIO	D	0.27%
WHR	B	0.27%
HAS	D	0.26%
MASI	A	0.26%
BOX	B	0.26%
EXAS	D	0.26%
FAF	A	0.25%
W	F	0.25%
U	C	0.25%
PATH	C	0.24%
ALK	C	0.24%
GAP	C	0.24%
IVZ	B	0.24%
MAT	D	0.24%
UAA	C	0.24%
ARW	D	0.23%
FLS	B	0.23%
MTCH	D	0.23%
BWA	D	0.22%
NOV	C	0.22%
RHI	B	0.22%
HRB	D	0.21%
QRVO	F	0.2%
AGCO	D	0.19%
HOG	D	0.19%
M	D	0.16%
RUN	F	0.14%
XRAY	F	0.13%

ITAN Underweight 104 Positions Relative to FDLO

Symbol	Grade	Weight
AAPL	C	-7.26%
MSFT	F	-6.93%
BRK.A	B	-2.13%
JPM	A	-1.89%
LLY	F	-1.57%
UNH	C	-1.55%
MSI	B	-1.49%
TXN	C	-1.48%
V	A	-1.47%
MA	C	-1.34%
ROP	B	-1.21%
HD	A	-1.19%
TYL	B	-1.19%
JNJ	D	-1.18%
XOM	B	-1.17%
VRSN	F	-1.08%
PG	A	-0.99%
ABBV	D	-0.98%
WMT	A	-0.95%
ABT	B	-0.9%
MRK	F	-0.88%
PGR	A	-0.84%
MCD	D	-0.8%
TMO	F	-0.78%
CB	C	-0.72%
ETN	A	-0.72%
LOW	D	-0.71%
AMGN	D	-0.71%
SBUX	A	-0.7%
VRTX	F	-0.69%
CVX	A	-0.69%
TRV	B	-0.69%
CME	A	-0.69%
MMC	B	-0.67%
ADP	B	-0.66%
KO	D	-0.66%
TJX	A	-0.65%
UNP	C	-0.63%
PEP	F	-0.62%
PM	B	-0.62%
AJG	B	-0.61%
AIZ	A	-0.61%
FDS	B	-0.59%
ITW	B	-0.56%
WRB	A	-0.56%
NKE	D	-0.56%
WM	A	-0.55%
CBOE	B	-0.55%
FAST	B	-0.54%
LIN	D	-0.53%
ORLY	B	-0.53%
JKHY	D	-0.51%
PAYX	C	-0.51%
GRMN	B	-0.51%
REGN	F	-0.5%
OTIS	C	-0.47%
AZO	C	-0.47%
RSG	A	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
COP	C	-0.41%
SO	D	-0.37%
MDLZ	F	-0.37%
CL	D	-0.35%
DUK	C	-0.35%
WMB	A	-0.34%
FCN	D	-0.34%
EOG	A	-0.32%
EQIX	A	-0.31%
XEL	A	-0.3%
SHW	A	-0.3%
KMB	D	-0.3%
KMI	A	-0.3%
HII	D	-0.29%
AMT	D	-0.29%
GIS	D	-0.28%
LNG	B	-0.28%
AEP	D	-0.28%
WEC	A	-0.27%
APD	A	-0.27%
AEE	A	-0.26%
DLR	B	-0.26%
PSA	D	-0.25%
ED	D	-0.25%
CMS	C	-0.24%
HSY	F	-0.24%
ECL	D	-0.24%
DTM	B	-0.23%
O	D	-0.22%
CCI	D	-0.21%
VMC	B	-0.2%
CTVA	C	-0.2%
PKG	A	-0.19%
MLM	B	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
EQR	B	-0.18%
ADC	B	-0.16%
AMH	D	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AMCR	D	-0.15%
AVY	D	-0.14%