LGRO vs. RULE ETF Comparison

Comparison of Level Four Large Cap Growth Active ETF (LGRO) to Adaptive Core ETF (RULE)

LGRO

Level Four Large Cap Growth Active ETF

LGRO Description

The fund invests primarily in equity securities of carefully selected, high-quality U.S. companies. The fund invests primarily in the domestic equity securities of companies selected by Level Four Capital Management, LLC for their growth potential within various market sectors.

Grade (RS Rating)

Last Trade

$34.89

Average Daily Volume

1,987

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RULE

Adaptive Core ETF

RULE Description

Adaptive Core ETF seeks current income. The fund invests in individual equity securities without regard to market capitalization and ETFs that invest in equity securities of any market capitalization including convertible equity securities and fixed income ETFs. The fund’s portfolio may hold securities from issuers of any market capitalization, credit quality, maturity, or country. Fixed income securities may include securities with credit quality below investment grade (commonly referred to as “junk bond” credit quality).

Grade (RS Rating)

Last Trade

$23.31

Average Daily Volume

5,937

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LGRO	RULE
30 Days	5.16%	5.63%
60 Days	7.17%	5.87%
90 Days	9.66%	6.41%
12 Months	34.40%	21.71%

6 Overlapping Holdings

Symbol	Grade	Weight in LGRO	Weight in RULE	Overlap
CRM	B	2.04%	3.6%	2.04%
HD	A	2.09%	2.7%	2.09%
NFLX	A	2.34%	2.78%	2.34%
UBER	D	2.59%	2.8%	2.59%
URI	B	1.02%	2.57%	1.02%
V	A	0.98%	2.95%	0.98%

LGRO Overweight 41 Positions Relative to RULE

Symbol	Grade	Weight
AAPL	C	7.16%
MSFT	F	5.75%
AMZN	C	5.56%
GOOGL	C	5.03%
NVDA	C	4.33%
BKNG	A	3.65%
BLK	C	3.47%
PYPL	B	3.31%
META	D	3.28%
TWLO	A	2.74%
LRCX	F	2.72%
SNOW	C	2.66%
UNH	C	2.51%
MS	A	2.44%
NOW	A	2.43%
DOCU	A	2.41%
RH	B	2.23%
MSCI	C	2.16%
MA	C	1.94%
AVGO	D	1.83%
Z	A	1.49%
MPWR	F	1.49%
MU	D	1.48%
AMAT	F	1.44%
PANW	C	1.14%
PSX	C	1.12%
LMT	D	1.07%
FIS	C	1.05%
ABBV	D	1.03%
PAYC	B	0.99%
CTSH	B	0.98%
PHM	D	0.97%
VRTX	F	0.96%
MCD	D	0.91%
DIS	B	0.87%
FTV	C	0.85%
TDG	D	0.85%
STZ	D	0.79%
ETSY	D	0.65%
BIIB	F	0.64%
EL	F	0.26%

LGRO Underweight 29 Positions Relative to RULE

Symbol	Grade	Weight
BIL	A	-4.27%
JPST	A	-4.26%
APO	B	-3.39%
WMB	A	-3.07%
EQIX	A	-3.05%
PCAR	B	-3.04%
XLG	B	-3.04%
AON	A	-3.04%
SPHQ	A	-3.03%
CAH	B	-3.0%
VST	B	-2.96%
INTU	C	-2.95%
IWF	B	-2.91%
FI	A	-2.91%
BK	A	-2.88%
PH	A	-2.87%
CTAS	B	-2.84%
GWW	B	-2.82%
PGR	A	-2.72%
FTNT	C	-2.67%
RMD	C	-2.65%
FCNCA	A	-2.59%
GPN	B	-2.51%
IRM	D	-2.47%
VRT	B	-2.41%
IBM	C	-2.35%
PAYX	C	-2.18%
ADBE	C	-1.94%
ARES	A	-1.81%