SOVF vs. IPAY ETF Comparison

Comparison of Sovereign's Capital Flourish Fund (SOVF) to ETFMG Prime Mobile Payments ETF (IPAY)

SOVF

Sovereign's Capital Flourish Fund

SOVF Description

The fund invests primarily in common stock of publicly traded U.S. companies that are selected by the fund's investment adviser. The Adviser employs an active management strategy in seeking to achieve the fund"s objective.

Grade (RS Rating)

Last Trade

$32.86

Average Daily Volume

12,545

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPAY

ETFMG Prime Mobile Payments ETF

IPAY Description

The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, speciﬁcally focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

Grade (RS Rating)

Last Trade

$61.02

Average Daily Volume

20,503

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SOVF	IPAY
30 Days	8.63%	12.96%
60 Days	7.86%	16.16%
90 Days	7.17%	21.02%
12 Months	27.00%	48.75%

2 Overlapping Holdings

	Symbol	Grade	Weight in SOVF	Weight in IPAY	Overlap
	EEFT	B	2.47%	1.91%	1.91%
	FI	A	1.51%	6.42%	1.51%

SOVF Overweight 77 Positions Relative to IPAY

Symbol	Grade	Weight
LOPE	B	2.75%
NSP	D	2.71%
PRI	A	2.53%
COKE	C	2.53%
RPAY	D	2.47%
FOLD	F	2.45%
DAVA	C	2.41%
AFG	A	2.27%
DIOD	D	2.25%
LCII	C	2.23%
PGR	A	2.01%
ALKT	B	2.01%
MOH	F	1.97%
GSHD	A	1.97%
PAYC	B	1.96%
BIGC	C	1.95%
CBRE	B	1.76%
OPCH	D	1.74%
NHC	C	1.72%
PCTY	B	1.71%
QCOM	F	1.52%
RJF	A	1.52%
APG	B	1.5%
PX	A	1.5%
QRVO	F	1.49%
AJG	B	1.49%
TSN	B	1.49%
BDX	F	1.48%
KFY	B	1.48%
ARMK	B	1.47%
COLM	B	1.46%
MLR	B	1.26%
PPC	C	1.25%
HRB	D	1.25%
FANG	D	1.22%
SMCI	F	1.22%
VRRM	D	1.21%
DVN	F	1.2%
APA	D	1.19%
VST	B	1.04%
ADV	D	1.03%
ITT	A	1.01%
INTC	D	1.01%
AZZ	B	1.01%
LECO	B	1.0%
NEE	D	1.0%
GEF	A	0.99%
SITE	D	0.98%
ERIE	D	0.76%
CSCO	B	0.75%
SCHW	B	0.75%
UPS	C	0.75%
PLOW	D	0.74%
ANET	C	0.74%
KFRC	D	0.74%
TFIN	A	0.74%
HCSG	C	0.62%
NTAP	C	0.51%
RMD	C	0.51%
JJSF	B	0.51%
CPRT	A	0.5%
ADP	B	0.5%
FAST	B	0.5%
JBHT	C	0.5%
ORLY	B	0.5%
SPTN	D	0.5%
SBAC	D	0.5%
SPSC	C	0.5%
SAIC	F	0.5%
USFD	A	0.5%
CSWI	A	0.5%
WCN	A	0.5%
HUBS	A	0.49%
IEX	B	0.49%
CPT	B	0.49%
WMT	A	0.49%
NEO	C	0.48%

SOVF Underweight 25 Positions Relative to IPAY

Symbol	Grade	Weight
PYPL	B	-6.43%
TOST	B	-6.23%
V	A	-5.87%
AXP	A	-5.83%
MA	C	-5.65%
COIN	C	-5.19%
DFS	B	-4.96%
SQ	B	-4.84%
CPAY	A	-4.83%
AFRM	B	-4.82%
FIS	C	-4.28%
GPN	B	-4.08%
WEX	D	-3.09%
FOUR	B	-2.91%
ACIW	B	-2.21%
QTWO	A	-2.16%
WU	D	-1.28%
STNE	F	-1.13%
VYX	B	-0.77%
EVTC	B	-0.66%
MQ	F	-0.64%
PAGS	F	-0.59%
DLO	C	-0.38%
IMXI	B	-0.32%
GDOT	D	-0.26%