IZRL vs. IMOM ETF Comparison

Comparison of ARK Israel Innovative Technology ETF (IZRL) to International Quantitative Momentum ETF (IMOM)

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.

Grade (RS Rating)

Last Trade

$20.28

Average Daily Volume

18,365

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IMOM

International Quantitative Momentum ETF

IMOM Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily-generally greater than 80%, but at least 65% of its net assets, plus any borrowings for investment purposes-in equity securities of international companies that Empowered Funds, LLC ("the Adviser") believes, based on quantitative analysis, have positive momentum. A "momentum" style of investing emphasizes investing in securities that have had higher recent total return performance compared to other securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.40

Average Daily Volume

9,622

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IZRL	IMOM
30 Days	7.81%	4.72%
60 Days	-3.47%	-2.87%
90 Days	-2.66%	0.89%
12 Months	12.42%	12.00%

0 Overlapping Holdings

	Symbol	Grade	Weight in IZRL	Weight in IMOM	Overlap

IZRL Overweight 24 Positions Relative to IMOM

Symbol	Grade	Weight
PLTK	C	2.56%
FVRR	C	2.52%
TEVA	A	2.52%
RSKD	B	2.49%
RDWR	C	2.44%
MNDY	F	2.36%
CGNT	C	2.3%
NNOX	C	2.3%
SPNS	B	2.27%
MGIC	B	2.25%
WIX	D	2.21%
CLBT	D	2.19%
ITRN	C	2.17%
INMD	F	2.13%
WKME	F	2.08%
CYBR	D	2.04%
SMWB	D	2.0%
TARO	C	1.98%
NICE	D	1.96%
SSYS	F	1.94%
URGN	F	1.91%
CHKP	D	1.86%
AUDC	F	1.86%
FROG	D	1.77%

IZRL Underweight 5 Positions Relative to IMOM

Symbol	Grade	Weight
LOGI	D	-2.2%
AER	A	-2.02%
NMR	D	-1.94%
MUFG	C	-1.9%
TM	D	-1.85%