QQQN vs. MOAT ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to Market Vectors Wide Moat ETF (MOAT)

QQQN

VictoryShares Nasdaq Next 50 ETF

QQQN Description

The investment seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index.

Grade (RS Rating)

Last Trade

$31.65

Average Daily Volume

6,312

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MOAT

Market Vectors Wide Moat ETF

MOAT Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MorningstarÂ® Wide Moat Focus IndexSM (the "Wide Moat Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of securities issued by companies that Morningstar, Inc. ("Morningstar" or the "Wide Moat Index Provider") determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors ("wide moat companies"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$97.45

Average Daily Volume

661,978

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	MOAT
30 Days	3.53%	1.11%
60 Days	4.80%	2.13%
90 Days	10.05%	3.74%
12 Months	35.21%	25.88%

2 Overlapping Holdings

	Symbol	Grade	Weight in QQQN	Weight in MOAT	Overlap
	CPB	D	1.37%	2.29%	1.37%
	TER	D	1.98%	0.97%	0.97%

QQQN Overweight 47 Positions Relative to MOAT

Symbol	Grade	Weight
APP	B	4.61%
ALNY	D	3.68%
MSTR	C	3.64%
MPWR	F	3.59%
AXON	A	3.25%
TSCO	D	3.07%
EBAY	D	3.03%
NTAP	C	2.37%
UAL	A	2.36%
CHKP	D	2.26%
ICLR	D	2.26%
WDC	D	2.23%
TCOM	B	2.22%
PTC	A	2.16%
STX	D	2.12%
FSLR	F	2.01%
STLD	B	1.94%
EXPE	B	1.92%
ZM	B	1.86%
ZBRA	B	1.86%
HOLX	D	1.84%
SSNC	B	1.81%
ARGX	A	1.77%
VRSN	F	1.77%
JBHT	C	1.74%
DKNG	B	1.73%
ULTA	F	1.68%
GEN	B	1.61%
MANH	D	1.61%
LNT	A	1.55%
ENTG	D	1.52%
AKAM	D	1.52%
UTHR	C	1.52%
ALGN	D	1.51%
SNY	F	1.51%
SWKS	F	1.48%
NTNX	A	1.45%
NTRA	B	1.43%
NDSN	B	1.39%
BSY	D	1.39%
BMRN	D	1.3%
BNTX	D	1.06%
ENPH	F	1.04%
NWSA	B	0.95%
FOXA	B	0.92%
FOX	A	0.88%
NWS	B	0.51%

QQQN Underweight 51 Positions Relative to MOAT

Symbol	Grade	Weight
CRM	B	-3.14%
BMY	B	-3.0%
GILD	C	-2.97%
ADSK	A	-2.94%
EMR	A	-2.87%
USB	A	-2.78%
MKTX	D	-2.73%
BIO	D	-2.72%
KVUE	A	-2.69%
DIS	B	-2.69%
TRU	D	-2.69%
MO	A	-2.62%
VEEV	C	-2.57%
ALLE	D	-2.54%
CTVA	C	-2.48%
ZBH	C	-2.37%
ADBE	C	-2.36%
A	D	-2.21%
PFE	D	-2.1%
IFF	D	-2.06%
NKE	D	-2.05%
BA	F	-1.87%
HII	D	-1.82%
FTNT	C	-1.73%
EL	F	-1.56%
SCHW	B	-1.51%
WDAY	B	-1.44%
CLX	B	-1.44%
WAT	B	-1.4%
GOOGL	C	-1.39%
IEX	B	-1.39%
AMZN	C	-1.37%
APD	A	-1.36%
HON	B	-1.35%
SBUX	A	-1.33%
NOC	D	-1.32%
CMCSA	B	-1.3%
MAS	D	-1.29%
OTIS	C	-1.29%
RTX	C	-1.25%
UPS	C	-1.24%
ROK	B	-1.24%
KEYS	A	-1.23%
MSFT	F	-1.21%
EFX	F	-1.2%
LRCX	F	-1.17%
NXPI	D	-1.16%
GEHC	F	-1.14%
TMO	F	-1.04%
MCHP	D	-1.02%
ETSY	D	-0.91%