ITAN vs. FELC ETF Comparison

Comparison of Sparkline Intangible Value ETF (ITAN) to Fidelity Enhanced Large Cap Core ETF (FELC)

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

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

571,539

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	FELC
30 Days	5.34%	3.27%
60 Days	7.33%	5.09%
90 Days	9.71%	6.09%
12 Months	31.35%	33.74%

47 Overlapping Holdings

Symbol	Grade	Weight in ITAN	Weight in FELC	Overlap
AMZN	C	4.86%	3.93%	3.93%
ANF	C	0.28%	0.42%	0.28%
BDX	F	0.7%	0.62%	0.62%
BIIB	F	0.42%	0.1%	0.1%
BMY	B	1.03%	0.75%	0.75%
CACI	D	0.41%	0.4%	0.4%
CAH	B	0.53%	0.31%	0.31%
CMCSA	B	1.06%	0.86%	0.86%
CRM	B	2.14%	1.15%	1.15%
CSCO	B	1.78%	0.66%	0.66%
CVNA	B	0.56%	0.55%	0.55%
CVS	D	0.9%	0.25%	0.25%
DASH	A	0.71%	0.18%	0.18%
DBX	B	0.37%	0.52%	0.37%
DIS	B	1.1%	0.65%	0.65%
DOCU	A	0.53%	0.02%	0.02%
F	C	0.82%	0.11%	0.11%
GAP	B	0.24%	0.22%	0.22%
GILD	C	0.92%	0.74%	0.74%
GOOG	C	2.09%	1.9%	1.9%
GOOGL	C	2.09%	2.05%	2.05%
KR	B	0.51%	0.03%	0.03%
LDOS	C	0.55%	0.24%	0.24%
LHX	C	0.74%	0.21%	0.21%
LMT	D	0.39%	0.71%	0.39%
LYFT	C	0.37%	0.21%	0.21%
META	D	2.87%	2.89%	2.87%
MMM	D	0.89%	0.13%	0.13%
NOC	D	0.91%	0.6%	0.6%
ORCL	B	2.31%	0.05%	0.05%
PFE	D	1.28%	0.42%	0.42%
PYPL	B	1.1%	0.34%	0.34%
QCOM	F	1.55%	0.88%	0.88%
QRVO	F	0.2%	0.12%	0.12%
RTX	C	1.23%	0.7%	0.7%
SQ	A	0.87%	0.58%	0.58%
SWKS	F	0.32%	0.03%	0.03%
T	A	1.55%	0.73%	0.73%
TMUS	B	1.42%	0.31%	0.31%
TWLO	A	0.49%	0.13%	0.13%
TXT	D	0.3%	0.52%	0.3%
VZ	C	1.3%	0.06%	0.06%
WBD	C	0.53%	0.01%	0.01%
WDAY	B	0.7%	0.16%	0.16%
WFC	A	1.51%	0.1%	0.1%
ZBRA	B	0.46%	0.06%	0.06%
ZM	B	0.54%	0.51%	0.51%

ITAN Overweight 104 Positions Relative to FELC

Symbol	Grade	Weight
IBM	C	1.69%
ACN	C	1.6%
INTC	D	1.26%
HON	B	1.21%
MDT	D	1.18%
DELL	C	1.11%
COF	B	1.09%
TGT	F	1.03%
GM	B	1.0%
BA	F	0.96%
PANW	C	0.89%
FDX	B	0.85%
CMI	A	0.84%
CTSH	B	0.8%
HPQ	A	0.72%
CHTR	C	0.72%
ALL	A	0.72%
GD	F	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%
CNC	D	0.54%
ILMN	D	0.54%
EA	A	0.53%
PRU	A	0.53%
WDC	D	0.53%
HUM	C	0.53%
SNAP	C	0.51%
ZS	C	0.51%
NTNX	A	0.49%
VTRS	A	0.49%
BAH	F	0.47%
FFIV	B	0.46%
BBY	D	0.46%
IQV	D	0.46%
J	F	0.45%
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%
JNPR	F	0.42%
ACM	B	0.42%
CIEN	B	0.41%
PSTG	D	0.39%
ROKU	D	0.39%
AAL	B	0.38%
LUMN	C	0.37%
JLL	D	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%
AKAM	D	0.32%
ALLY	C	0.32%
TAP	C	0.31%
ELAN	D	0.3%
ACI	C	0.3%
SWK	D	0.29%
ETSY	D	0.29%
WBA	F	0.29%
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%
DOX	D	0.24%
ALK	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%
AGCO	D	0.19%
HOG	D	0.19%
M	D	0.16%
RUN	F	0.14%
XRAY	F	0.13%

ITAN Underweight 123 Positions Relative to FELC

Symbol	Grade	Weight
NVDA	C	-7.39%
AAPL	C	-7.38%
MSFT	F	-5.68%
BRK.A	B	-2.25%
JPM	A	-1.94%
AVGO	D	-1.72%
XOM	B	-1.56%
MA	C	-1.36%
TSLA	B	-1.31%
NFLX	A	-1.3%
HD	A	-1.29%
BAC	A	-1.2%
WMT	A	-1.14%
ABBV	D	-1.02%
MRK	F	-0.99%
PM	B	-0.94%
ADBE	C	-0.94%
NEE	D	-0.84%
V	A	-0.82%
SCHW	B	-0.8%
UNP	C	-0.76%
LLY	F	-0.76%
JNJ	D	-0.74%
PGR	A	-0.74%
PG	A	-0.72%
CTAS	B	-0.69%
AMAT	F	-0.68%
MU	D	-0.66%
ECL	D	-0.63%
KLAC	D	-0.63%
CI	F	-0.63%
TJX	A	-0.59%
SPG	B	-0.59%
UNH	C	-0.57%
CAT	B	-0.57%
ABT	B	-0.56%
NOW	A	-0.55%
EOG	A	-0.54%
CSX	B	-0.54%
DVN	F	-0.53%
PCAR	B	-0.52%
TT	A	-0.52%
MSI	B	-0.5%
CME	A	-0.5%
CL	D	-0.47%
IGT	F	-0.46%
EXEL	B	-0.45%
LRCX	F	-0.44%
TRV	B	-0.43%
GE	D	-0.39%
SSNC	B	-0.38%
NSC	B	-0.38%
TDC	D	-0.37%
AON	A	-0.35%
CMG	B	-0.35%
MSCI	C	-0.33%
TMO	F	-0.33%
ALLE	D	-0.33%
AMGN	D	-0.33%
WM	A	-0.32%
SPGI	C	-0.31%
MS	A	-0.31%
COST	B	-0.31%
AXP	A	-0.31%
TROW	B	-0.31%
PPG	F	-0.3%
SEIC	B	-0.3%
MGM	D	-0.3%
MMC	B	-0.29%
INCY	C	-0.28%
CCL	B	-0.26%
AMT	D	-0.24%
RSG	A	-0.24%
SKYW	B	-0.23%
GRMN	B	-0.22%
IDXX	F	-0.22%
GL	B	-0.21%
MEDP	D	-0.21%
ADP	B	-0.2%
ALRM	C	-0.2%
NUE	C	-0.2%
OXY	D	-0.19%
FTNT	C	-0.15%
GS	A	-0.15%
ED	D	-0.15%
UBER	D	-0.14%
WTW	B	-0.14%
BKNG	A	-0.13%
UNM	A	-0.12%
PNC	B	-0.12%
VST	B	-0.12%
NBIX	C	-0.11%
NRG	B	-0.11%
CLX	B	-0.11%
ANET	C	-0.11%
BK	A	-0.11%
BLD	D	-0.11%
LNW	D	-0.11%
BBWI	D	-0.11%
PEGA	A	-0.1%
HWM	A	-0.1%
PSA	D	-0.09%
SOLV	C	-0.09%
VEEV	C	-0.08%
MKL	A	-0.08%
FR	D	-0.08%
MCK	B	-0.06%
DHI	D	-0.06%
STLD	B	-0.06%
AXTA	A	-0.05%
SCCO	F	-0.05%
PEP	F	-0.05%
PLTK	B	-0.04%
ROST	C	-0.04%
GEHC	F	-0.04%
SYK	C	-0.03%
A	D	-0.03%
CRUS	D	-0.03%
LPLA	A	-0.03%
GPN	B	-0.02%
C	A	-0.02%
AES	F	-0.01%
CVX	A	-0.01%