OILT vs. ABEQ ETF Comparison

Comparison of Texas Capital Texas Oil Index ETF (OILT) to Absolute Core Strategy ETF (ABEQ)

OILT

Texas Capital Texas Oil Index ETF

OILT Description

OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$26.75

Average Daily Volume

1,971

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ABEQ

Absolute Core Strategy ETF

ABEQ Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.85

Average Daily Volume

5,950

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OILT	ABEQ
30 Days	7.28%	-0.61%
60 Days	7.55%	0.76%
90 Days	2.30%	1.75%
12 Months		19.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in OILT	Weight in ABEQ	Overlap
	EOG	A	7.42%	3.58%	3.58%

OILT Overweight 23 Positions Relative to ABEQ

Symbol	Grade	Weight
COP	C	8.22%
XOM	B	8.17%
FANG	C	8.0%
OXY	D	7.45%
CVX	A	4.62%
CRGY	B	4.58%
OVV	B	4.58%
SM	B	4.35%
VTLE	C	4.33%
MRO	B	4.23%
APA	D	4.01%
PR	B	3.94%
DVN	F	3.75%
KMI	A	2.76%
BP	D	2.09%
CRK	B	1.93%
CTRA	B	1.73%
MGY	A	1.65%
MUR	D	1.32%
REPX	A	0.88%
TTE	F	0.81%
REI	D	0.66%
MTDR	B	0.37%

OILT Underweight 18 Positions Relative to ABEQ

Symbol	Grade	Weight
BRK.A	B	-11.57%
L	A	-6.67%
UL	D	-6.26%
MDT	D	-4.54%
DD	C	-4.13%
TRV	B	-3.91%
CMCSA	B	-3.85%
CSCO	B	-3.39%
CTVA	C	-2.86%
IFF	D	-2.31%
HSY	F	-1.95%
DEO	F	-1.74%
MRK	D	-1.65%
CME	B	-1.25%
HON	C	-1.11%
EQC	B	-1.02%
VZ	C	-0.98%
GEHC	D	-0.97%

OILT: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Integrated Oil & Gas Midstream