MVAL vs. KEAT ETF Comparison

Comparison of SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF (MVAL) to Keating Active ETF (KEAT)

MVAL

SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF

MVAL Description

The fund invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The index is comprised of equity securities of companies that Morningstar, Inc. determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors and are attractively priced and weighted according to a modified equal weighting scheme that tilts exposure in favor of pure value companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.34

Average Daily Volume

268

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

KEAT

Keating Active ETF

KEAT Description

KEAT actively invests in equity securities of all-cap companies considered undervalued based on the subadvisor's fundamental research. These securities include common stock, preferred stock, REITs, ADRs, and GDRs. The fund also considers and invests in international ETFs in the same manner it selects its individual securities. The sub-adviser initially identifies potential investment opportunities through public disclosures, and assesses their financial condition based on sustainable earnings and future cash flows through financial and strategic analyses. The portfolio will typically be comprised of 25 to 40 securities, all selected to offer exceptional value and have defensible positions. The fund also emphasizes companies with good shareholder yield. It intends to hold its positions for a year or more and sells them when it reaches its fair value or has become overvalued. KEAT may also hold short-term Treasurys in seeking total return.

Grade (RS Rating)

Last Trade

$25.07

Average Daily Volume

10,809

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	MVAL	KEAT
30 Days	0.50%	-0.27%
60 Days	3.00%	-0.26%
90 Days		-1.00%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in MVAL	Weight in KEAT	Overlap

MVAL Overweight 10 Positions Relative to KEAT

	Symbol	Grade	Weight
	IFF	B	4.95%
	RTX	C	4.84%
	SCHW	C	4.38%
	MO	A	4.28%
	CPB	D	3.98%
	PFE	C	3.93%
	MAS	D	3.9%
	BIIB	C	3.88%
	MDT	D	3.86%
	USB	C	3.81%

MVAL Underweight 8 Positions Relative to KEAT

	Symbol	Grade	Weight
	STIP	A	-29.06%
	GOLD	C	-3.87%
	TTE	C	-3.55%
	EQC	B	-3.54%
	OII	C	-3.45%
	LBTYK	C	-3.28%
	LMT	A	-2.93%
	VZ	B	-2.88%

MVAL: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Major Aerospace & Defense Banks - Regional - US Building Materials Capital Markets Medical Devices Packaged Foods Specialty Chemicals Tobacco

Keywords: S&P 500 Alzheimer's Disease Bank Banking Hemophilia Hypertension Medicine Pain Prepared Food ATM Ablation Ablation Products Advanced Energy Aerospace Aerospace Systems Aerostructure Air Freshener Animal Health Anti Infectives Architectural Products

KEAT: Top Represented Industries & Keywords

Industries: Aerospace & Defense Gold Oil & Gas Equipment & Services Oil & Gas Integrated Pay TV REIT - Office Telecom Services

Keywords: Broadband Internet Access S&P 500 Telecommunications Video Services VoIP Access Devices Adhesives Aerospace Aerospace Industries Air Systems Aircraft Asset Integrity Management Aviation B2B Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Broadband Internet Broadband Services