MSTB vs. EWJV ETF Comparison

Comparison of LHA Market State Tactical Beta ETF (MSTB) to iShares MSCI Japan Value ETF (EWJV)

MSTB

LHA Market State Tactical Beta ETF

MSTB Description

The investment seeks to provide returns that outperform the large-capitalization U.S. equity market on a risk-adjusted basis. The fund seeks to achieve its objective by estimating the direction and magnitude of S&P 500 Index volatility based on the movement of the CBOE Volatility Index® (the VIX® Index). Under normal market conditions, its baseline exposure each day to the S&P 500 Index is approximately 90%, which the fund's portfolio managers then adjust based on a quantitative model and analysis of the movement of the VIX Index. Its exposure may be significantly greater or less than 90% at any given time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.31

Average Daily Volume

10,771

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EWJV

iShares MSCI Japan Value ETF

EWJV Description

The investment seeks to track the investment results of the MSCI Japan Value Index (USD). The index is a free float weighted index consisting of large- and mid- capitalization Japanese securities exhibiting overall value style characteristics. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.82

Average Daily Volume

125,558

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MSTB	EWJV
30 Days	-4.20%	-0.12%
60 Days	-0.69%	2.59%
90 Days	1.20%	7.18%
12 Months	18.70%	31.27%

0 Overlapping Holdings

	Symbol	Grade	Weight in MSTB	Weight in EWJV	Overlap

MSTB Overweight 1 Positions Relative to EWJV

	Symbol	Grade	Weight
	VIXY	F	6.17%

MSTB Underweight 7 Positions Relative to EWJV

Symbol	Grade	Weight
TM	C	-6.27%
MUFG	D	-5.87%
SMFG	C	-3.81%
HMC	C	-2.76%
MFG	C	-2.44%
NMR	D	-0.92%
AGCO	F	-0.35%

MSTB: Top Represented Industries & Keywords

Industries:

Keywords: Asset Bank Deposits Cash And Cash Equivalents Chicago Board Options Exchange Money Market Repurchase Agreement Technical Analysis U.S. Treasury VIX