KOIN vs. FPA ETF Comparison

Comparison of Innovation Shares NextGen Protocol ETF (KOIN) to First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA)

KOIN

Innovation Shares NextGen Protocol ETF

KOIN Description

The investment seeks to provide investment results that, before fees and expenses, track the performance of the Innovation Labs Blockchain Innovators Index (the "index"). The fund will normally invest at least 80% of its total assets in securities of the index. The index was designed by the fund's index creator, to measure the performance of a diversified group of publicly-listed companies that use, or are involved in, blockchain ("Blockchain Innovators").

Grade (RS Rating)

Last Trade

$31.43

Average Daily Volume

1,258

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPA

First Trust Asia Pacific ex-Japan AlphaDEX Fund

FPA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Asia Pacific Ex-Japan Index. The fund normally invests at least 90% of its net assets plus the amount of any borrowings for investment purposes in stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Asia Pacific Ex-Japan BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.79

Average Daily Volume

1,625

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KOIN	FPA
30 Days	-4.71%	-1.05%
60 Days	-1.59%	-2.72%
90 Days	1.85%	1.97%
12 Months	13.89%	4.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in KOIN	Weight in FPA	Overlap
	SKM	D	2.69%	1.28%	1.28%

KOIN Overweight 16 Positions Relative to FPA

Symbol	Grade	Weight
BG	B	3.26%
PYPL	A	3.13%
DOCU	A	2.96%
ORCL	D	2.95%
BIDU	C	2.93%
CME	C	2.88%
AMZN	B	2.86%
MSFT	C	2.84%
V	C	2.84%
MA	D	2.84%
CSCO	D	2.8%
INTU	C	2.77%
ICE	C	2.74%
SQ	D	2.6%
CRM	D	2.58%
IBM	D	2.49%

KOIN Underweight 5 Positions Relative to FPA

Symbol	Grade	Weight
KB	B	-1.65%
KEP	C	-1.58%
SHG	B	-1.57%
KT	D	-1.21%
XRX	F	-0.61%